According to Odaily, the European Central Bank (ECB) has announced the second batch of Distributed Ledger Technology (DLT) settlement participants for its pilot program next month. At least 15 market DLT operators are involved in the trial, including two DLT pilot system candidates.
Most of the major banks with their own platforms are participating, including Credit Agricole CIB, Euroclear, Goldman Sachs, HSBC, Iberclear, JPMorgan, SocGen Forge, and UBS. The two DLT pilot system candidates are 21X from Germany and Axiology from Lithuania.
The ECB's move to test DLT in settlements is seen as a significant step towards the adoption of blockchain technology in the banking sector. The involvement of major banks and DLT operators in the pilot program indicates a growing interest in exploring the potential benefits of DLT in financial transactions. The results of the pilot program will be closely watched by the global banking community.
