TARGET2-Securities rollout (2015–2017)
The Eurosystem consolidated European securities settlement into a single platform, T2S, moved over in three phased waves. Each wave shifted national securities databases onto one shared engine owned by the central banks.
Cross-border securities settlement in Europe became faster and cheaper, with one cash account per participant.
It set the pattern for the Eurosystem building shared market infrastructure and phasing it in over years.
Pontes follows the same playbook: a central-bank-owned platform, phased onboarding, and gradual feature expansion toward full operation.
