EU taps industry to set standards for tokenized securities
Applications close Nov. 27 for an industry group that aims to draft initial standards for holding and settling tokenized securities by early 2028.
The European Central Bank (ECB), European Commission, and European Securities and Markets Authority have launched an industry-led initiative to establish standards for tokenized securities. Applications for the European Tokenisation Standards Group (ETSG) close on November 27, with work set to begin in January 2027. The group will draft technical and market standards to support the holding and settling of tokenized securities across various distributed ledger technology (DLT) platforms, ensuring compatibility with existing financial systems.
The three EU institutions will observe the group's activities, which aim to produce an initial set of standards by early 2028. This initiative, known as Appia, will complement the Eurosystem's Pontes system, which facilitates wholesale transactions in tokenized assets using central bank money.
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