27 January 2026

• Eurosystem to accept marketable assets issued in central securities depositories (CSDs) using distributed ledger technology (DLT) as eligible collateral for Eurosystem credit operations as of 30 March 2026
• Further work is exploring ways to expand eligibility to assets issued and settled entirely on DLT networks
• Decision reflects Eurosystem’s commitment to innovation and fosters technological progress in European financial markets

The Eurosystem will accept marketable assets issued in CSDs using DLT-based services as eligible collateral for Eurosystem credit operations as of 30 March 2026. Like other marketable assets, they must comply with Eurosystem collateral eligibility criteria and collateral management requirements. These criteria include availability for settlement in eligible securities settlement systems, which must be compliant with the CSD Regulation and reachable via TARGET2-Securities (T2S). These assets will be mobilised as collateral in line with the…