EU Seeks Industry Partners for Tokenized Securities Standards

The European Central Bank, European Commission, and European Securities and Markets Authority are seeking industry nominations to form a new group dedicated to standardizing tokenized securities, according to Cointelegraph. The initiative aims to draft common technical and market standards for holding and settling tokenized assets by early 2028.

Nomination and Timeline Details

Eligible applicants including EU industry associations, global institutions, private firms, and fintech companies have until Nov. 27 to apply to the European Tokenisation Standards Group. The selected group is scheduled to begin its work in January 2027. The three participating EU institutions will act as observers throughout the process.

Supporting Eurosystem Initiatives

The standards developed by the group will support Appia, which is the Eurosystem's initiative to create a blueprint for Europe's tokenized financial markets. European authorities noted that fragmentation could limit the benefits of tokenization and stated that the group may recommend ways for authorities to encourage the adoption of these standards.

Key facts

• Applications close Nov. 27 for the European Tokenisation Standards Group.
• The group aims to draft initial standards for holding and settling tokenized securities by early 2028.
• Work for the industry-led group is scheduled to begin in January 2027.
• The European Central Bank, European Commission, and European Securities and Markets Authority will participate as observers.
• The standards will support Appia, the Eurosystem's blueprint initiative for tokenized financial markets.