Denis Beau, Deputy Governor of the Bank of France, has urged collaboration between Europe's public and private sectors to advance the tokenization of the euro. This approach contrasts with ECB President Lagarde's cautious stance on private stablecoins, which she views as a financial stability risk. Lagarde supports a central bank-led digital euro initiative, slated for a 2029 launch. Beau outlined three objectives for Europe: ensuring compatibility with central bank services, enabling regulated institutions to issue pan-European tokenized currencies, and enhancing the MiCA regulatory framework. His views align with the Qivalis consortium, a group of 12 major European banks planning to introduce a private digital euro by year-end. Additionally, Beau announced the Eurosystem's upcoming launch of its first tokenized wholesale central bank money service.