Euroclear Warns Europe Must Act Now to Maintain Digital Finance Leadership

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Euroclear, which oversees 41 trillion euros, warned at a European Parliament session that Europe must act fast to keep its edge in digital finance. Digital assets are already changing how firms raise and manage capital. Through its D-FMI platform, Euroclear has helped the World Bank and AIIB issue blockchain-based bonds since 2023. Its PYTHAGORE project with France’s central bank plans to modernize the 350 billion euro NEU CP market using CBDC. The report calls for a 24/7 euro settlement system, updated DLT rules, digital securities as ECB collateral, and a cross-border legal framework. With global competition rising, progress on digital asset regulation and the EU Markets in Crypto-Assets Regulation will shape the region’s future.
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