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Italy's Central Bank Deputy Suggests Assessing Tokenized SEPA Payments to Counter Stablecoin Competition

GateNews
Monetary Policy
According to ChainCatcher, Italy's central bank deputy governor Chiara Scotti suggested on May 5 that Europe should assess the feasibility of extending the Single Euro Payments Area (SEPA) to tokenized payments to maintain the euro's central role in digital finance. Scotti noted that SEPA's scale, standardization, and interoperability advantages could serve as a foundation for tokenized payments. The European Central Bank is advancing two related initiatives: the "Pontes" distributed ledger settlement pilot, expected to launch in Q3 2026, and the "Appia" tokenized finance roadmap, planned for completion by 2028. ECB officials emphasized that introducing tokenized central bank money could become key infrastructure supporting the coexistence of tokenized deposits and stablecoins.
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