ecb -构建欧洲高效一体化数字资本市场代币化的作用与欧元体系的政策应对 Towards an efficient and integrated digital capital market in Europe the role of tokenisation and the Eurosystem’s policy response.pdfVIP

Towardsanefficientandintegrated

digitalcapitalmarketinEurope:the

roleoftokenisationandthe

Eurosystem’spolicyresponse

PreparedbyElenaBanu,AlexandraBorn,JohanneEvrard,ClaudiaLambertand

AlessandroSpolaore

PublishedaspartoftheMacroprudentialBulletin33,April2026.

Thisarticledescribesthecurrentlandscapeoftokenisedassets,illustratingthe

potentialbenefitsacrosstheentireassetvaluechain–fromissuancetodistribution

andsales.AstheEurosystemisworkingtowardsenablingthesettlementof

distributedledgertechnology(DLT