Banque De France, Euroclear Tokenise Short Term Debt - Markets Media

Banque de France, Euroclear Tokenise Short Term Debt - Markets Media

Banque de France and Euroclear have announced the launch of a joint project (‘Pythagore’) to tokenise Negotiable European Commercial Paper (NEU CP), marking a significant step toward modernising short-term debt markets through Distributed Ledger Technology (DLT). The NEU CP market represents the largest short-term debt market in the euro area with €310 billion outstanding, offering issuers competitive financing conditions, market depth, and low …

Banque de France and Euroclear to tokenise short-term debt - Asset Servicing Times

The tokenisation project intends to provide central operational and administrative efficiencies, while improving transparency and security for market participants

Banque de France and Euroclear to Tokenise Short-Term Debt Market in Paris

In a press release, Euroclear said the move marked a significant step toward modernising France’s €310 billion short-term debt market through Distributed Ledger Technology (DLT). The project aims to enhance transparency, efficiency, and security for issuers and investors, while reducing administrative burdens in Europe’s largest short-term debt market.  The pilot phase is expected to begin at the end of 2026, in line with the Eurosystem’s Pontes…