The French central bank is pushing for a blockchain-driven settlement system in Europe

The French Central Bank is promoting the establishment of a blockchain-driven settlement system in Europe, and Deputy President Dennis Beau expressed support for distributed ledger technology. He said the technology is the answer to many current financial market questions. Beau also stated that the tokenization of financial assets and the use of blockchain-based solutions and broader distributed ledger technology to store and transfer these financial assets can help meet market demand.