Autor Cointelegraph by Yohan Yun

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The European Central Bank (ECB) is defending the privacy design of its planned central bank digital currency (CBDC).In an Aug. 10 interview published Monday, ECB Executive Board member Piero Cipollone said the digital euro’s design would limit the amount of transaction information available to the central bank.“The Eurosystem would not be able to identify the users making or receiving payments,” Cipollone said.Cipollone said only banks involved in transactions would be able to identify users, including for anti-money laundering purposes, while the Eurosystem would not be able to directly link specific individuals to digital euro payments. Meanwhile, offline digital euro transactions would allow payment details to be available only to the payer and payee.Despite the ECB’s efforts to quell privacy concerns over the planned digital euro, lawmakers, privacy advocates and crypto community members have warned that government-issued digital currencies could expand financial surveillance.In the US, President Donald Trump prohibited federal agencies from developing or promoting a CBDC in January 2025, citing risks to financial stability, individual privacy and US sovereignty. House lawmakers have separately advanced the Anti-CBDC Surveillance State Act, which seeks to prohibit the Federal Reserve from issuing a CBDC.Related: ECB picks 36 payment providers to test digital euro ahead of 2027 pilotDigital euro pitched as payment sovereignty toolBeyond privacy, the ECB has presented the digital euro as part of Europe’s effort to strengthen its payments infrastructure and reduce reliance on non-European payment providers. In an April public lecture held in Latvia, Cipollone said that Europe’s reliance on non-European payment providers creates a strategic vulnerability. He said two-thirds of euro-area card transactions are governed by non-European companies, and that the digital euro could reduce that dependence and provide European-controlled payment infrastructure.The European Parliament’s Economic and Monetary Affairs Committee backed its position on the digital euro legislation in June, while lawmakers later cleared the proposal for negotiations with the Council in July.The ECB has said a digital euro could be issued as early as 2029, provided the necessary legislation is adopted and the project clears its remaining technical and operational stages.Magazine: The digital euro: Surveillance money, or a better alternative to cash?Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Centrifuge has added Symbiotic’s liquidity network across three tokenized funds that represent about $1.6 billion in assets under management, giving eligible holders another route to exchange their positions for USDC.The integration covers Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation strategy, JTRSY, a short-duration US Treasury strategy and New York Life Investment Management’s HYB, a US high-yield corporate bond strategy.Symbiotic’s Liquid Lane uses an onchain request-for-quote (RFQ) marketplace where market makers can tap liquidity from vaults to fill redemption requests. Market makers can then redeem the acquired fund tokens through the issuer or sell them through another RFQ transaction.The arrangement allows investors to receive USDC immediately while the funds’ normal redemption can take place separately.Centrifuge is an asset tokenization and vault platform where asset managers issue and manage tokenized funds. Janus Henderson, a global asset manager with about $500 billion in assets under management, has been a significant contributor to the platform’s growth through its JAAA and JTRSY products.By December 2025, Centrifuge had attracted about $1.3 billion in new inflows, driven primarily by the two Janus Henderson funds, according to Token Terminal. JAAA alone had contributed about $1 billion in total value locked and was one of the largest tokenized funds in the market.Related: Centrifuge brings S&P 500 onchain in tokenized fund launchSymbiotic joins existing liquidity routesLiquid Lane is not the first liquidity route available for Centrifuge’s tokenized funds, Felix Lutsch, Symbiotic’s head of ecosystem, told Cointelegraph.“We’re not claiming to be first, and other liquidity routes exist. That’s healthy for the market,” Lutsch said.Centrifuge announced a partnership with Wintermute in February 2025 to provide 24/7 instant redemptions for JTRSY. HYB launched in June with a separate liquidity arrangement for near-instant redemptions.Lutsch said the distinction with Liquid Lane is the capital structure behind the transactions rather than their speed. Its marketplace allows multiple market makers and curators to participate without market makers having to pre-fund and carry inventory for individual assets, he said.“The bigger constraint has been flow,” Lutsch said, adding that low trading volumes in tokenized assets have historically given market makers little incentive to commit capital.He said aggregating redemption demand across issuers and asset classes could improve those economics as tokenized funds are increasingly used as collateral and financing assets in onchain markets.Magazine: ‘Fabricated rumors’ about BitMart founder, Binance bStocks dominate: Asia Express