Denmark settles its Danish krone payments on the Eurosystem’s T2 and TIPS platforms

News Financial services General Updates

Date: 23rd Apr, 2025 Source: Bank of Italy Country: Italy Original Source

Brief

On April 23, 2025, the Bank of Italy announced that Denmark has completed its migration of Danish krone payments to the Eurosystem's T2 and TIPS platforms. This marks a historic shift for Denmark, which is now the second non-Eurozone country after Sweden to utilize TIPS, and the first to use T2 for critical transactions including monetary policy operations.

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Denmark settles its Danish krone payments on the Eurosystem’s T2 and TIPS platforms

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Denmark settles its Danish krone payments on the Eurosystem’s T2 and TIPS platforms

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Bank of Italy

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