ECB Executive Board Member Schnabel: Central Bank Money Must Be On-Chain

Isabel Schnabel, a member of the European Central Bank's Executive Board, stated that central bank money must be brought on-chain, otherwise tokenized markets will increasingly rely on private or foreign currency settlement assets. Citing her remarks, CoinDesk noted that without on-chain central bank money, settlement in tokenized markets would shift more toward privately issued assets or foreign currency-denominated assets.

Schnabel believes that putting central bank money on-chain helps maintain the settlement anchor role of public money in a tokenized environment.

[ChainCatcher]