ECB Board Member Cipollone discusses digital euro, tokenization, and central bank's role in digital finance

Piero Cipollone, Member of the Executive Board of the ECB, stated in a speech on October 6, 2026, that central banks must extend central bank money into the digital environment to preserve the singleness of money, trust, and stability amidst digital transformation. He emphasized preparing for a digital euro in retail payments and ensuring central bank money can settle tokenized transactions via Pontes in wholesale markets, all while maintaining the coexistence of public and private money.