ChainCatcher news, according to Cointelegraph, Piero Cipollone, a member of the Executive Board of the European Central Bank, proposed the concept of European ledger, which aims to unify the European digital asset ledger. This initiative aims to bring together European digital assets and funds in one place, thereby improving efficiency and synergy.

Cipollone said that Europe's traditional capital markets are fragmented and need to overcome uncoordinated legislation, but there is an opportunity to create a unified platform for digital assets. He called the platform the Digital Capital Markets Alliance. It is worth noting that more than 60% of banks in the EU are exploring or experimenting with distributed ledger technology (DLT), and another 22% are already using it.

Although DLT provides an opportunity to create financial integration, it does not guarantee it. Cipollone emphasized that non-interoperable technology ecosystems in each country or region, formed by different national or regional regulatory systems, may create isolated asset liquidity pools, further exacerbating market fragmentation.