ChainCatcher News, the European Central Securities Depository Euroclear warned at the European Parliament’s Committee on Economic and Monetary Affairs hearing: Europe must act immediately to maintain its leadership in digital finance.
The institution manages €41 trillion in assets and believes that digital assets are no longer just theoretical but are actively reshaping corporate financing, trading, and investment methods. Since launching the D-FMI platform in 2023, Euroclear has assisted institutions like the World Bank and the Asian Infrastructure Investment Bank in issuing digital bonds on blockchain. The latest PYTHAGORE project, in collaboration with the French central bank, will transform Europe’s €350 billion NEU CP short-term bond market—Europe’s largest short-term financing market—using central bank digital currency (CBDC).
The report highlights that Europe needs to establish four pillars: a 24/7 sovereign euro settlement system, revised DLT pilot mechanisms, allowing digital securities as collateral for the European Central Bank, and a unified cross-border legal framework. As global competition intensifies, collaboration between the public and private sectors will determine whether Europe can maintain its digital finance advantage.
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