Calendar Reminder: The European Central Bank’s Pontes distributed ledger project is scheduled to go live on September 21, 2026. What the market should focus on is not just the act of “putting it on-chain,” but whether central bank liquidity can achieve more efficient settlement and cross-platform interoperability in a distributed ledger environment. If related trials involving Pontes and Appia progress smoothly, it could provide a new technical pathway for euro area wholesale financial market infrastructure and affect subsequent central bank digital currency and bond settlement experiments. In the short term, it should not be overstated as a direct positive, but it is worth continuously tracking official announcements, the scope of participating institutions, and the actual settlement volume.#欧洲央行 #分布式账本 #Pontes