欧洲央行：2025年应对数字化和碎片化的中央银行货币现代化报告（英文版）

There has been a significant increase in the adoption of financial technology, particularly distributed ledger technology (DLT) and the digital representation of assets on programmable platforms (tokenisation). DLT can enhance efficiency: trading, settlement and custody on same platform; 24/7/365 operating hours; smart contracts to automate and speed up processes between issuers & investors A shared DLT platform could lower barriers to entry, enabling small and medium-sized enterprises to