The European Central Bank (ECB) is expanding trials of distributed ledger technology (DLT) that began in April. The second phase will include new use cases involving private financial institutions and three additional central banks.🏦

48 financial institutions, including ABN AMRO, BNP Paribas, Bank of New York Mellon, HSBC, J.P. Morgan and Société Générale will take part in the new phase.

Testing will include wholesale domestic payments in the eurozone, various securities-related use cases, and currency payment transactions between central banks.

The test results can be applied to central bank digital currency (CBDC).