The European Central Bank will accept DLT assets as collateral for the euro system

The European Central Bank announced that it will accept tradable assets issued using distributed ledger technology in central securities depository institutions as qualified collateral for euro system credit operations starting from March 30th. The relevant assets must meet the eligibility criteria and management requirements of the Euro system collateral, and be settled in a securities settlement system that complies with CSD regulations and can be connected to TARGET2 Securities. The plan will be implemented in stages, taking into account market development and the evolution of relevant laws and regulations.