Bridging services · run by European Central Bank
Eurosystem PontesNew
The Eurosystem's link between market DLT platforms and its TARGET services, so that wholesale tokenised transactions settle in euro central bank money. Participants settle either with cash tokens on the Eurosystem's own DLT platform or in T2, and delivery-versus-payment and other all-or-nothing transactions are synchronised across platforms with a hash-link protocol. It merges the three interoperability solutions trialled in 2024 and went live on 21 September 2026 with four registered market DLT operators (Axiology, Cashlink, Clearstream and SWIAT). Only the Eurosystem platform, T2 and the operators' ledgers already in the register are listed; the ECB names the operators, not their platforms, so SWIAT, Clearstream's D7 and Axiology's DLT TSS ledger are listed as each operator's DLT platform.
How it works: Synchronised settlement, Off-chain gateway · Trust: Single operator · Website
Networks supported 5
From the service's own documentation. Networks not yet in the register are left out.
Deployments using it 2
| Deployment | Status | Assets | Use cases | Last reviewed |
|---|---|---|---|---|
| ESM digital bond programme on D7/PontesNew Clearstream | Live (limited) | Reviewed today | ||
| Eurosystem Pontes DLT settlement in central bank moneyUpdated 8 Nov 2026 European Central Bank | Live (limited) | Reviewed today |
Dated connections
- D7↔Eurosystem DLT platform (Pontes)Live (limited) since 2026-09-21 · performed
- SWIAT↔Eurosystem DLT platform (Pontes)Live (limited) since 2026-09-21 · supported
Sources
- [1]Pontes — European Central Bank. Accessed 14 Oct 2026.A
- [2]Eurosystem brings central bank money to tokenised finance — European Central Bank, 21 Sep 2026. Accessed 14 Oct 2026.A
- [3]Tokenised wholesale central bank money programme: Evolving list of DLT operators — European Central Bank (hosted by Banco de España), Aug 2026. Accessed 14 Oct 2026. 2026-10-14: re-read; lists Clearstream, SWIAT, Cashlink and Axiology. Axiology's DLT TSS ledger added now it is in the register; Cashlink's ledger is not..A
- [4]Clearstream to Test ECB's Pontes DLT Solution Ahead of Launch — Clearstream, 17 Aug 2026. Accessed 14 Oct 2026.B