Lagarde to leave ECB with Europe’s tokenized-finance blueprint still undecided

Christine Lagarde will step down as European Central Bank president on Feb. 7, 2027, while the Eurosystem is still weighing how to organize the infrastructure for Europe’s tokenized financial markets through its Appia initiative. The departure announcement on Oct. 29 comes a day after the Eurosystem published Appia consultation findings that expose a basic tension: concentrating settlement money on one network could make markets more efficient, but concentrating control could make them harder to enter. Appia is the Eurosystem’s initiative to develop an integrated ecosystem for tokenized wholesale finance, where assets are issued or represented on distributed ledgers.

Source: CryptoSlate