EU's Three Major Institutions Invite Industry to Develop Tokenized Securities Standards

Odaily reports: The European Central Bank (ECB), the European Commission, and the European Securities and Markets Authority (ESMA) are soliciting nominations from industry groups to form an industry-led European tokenization standards panel to develop common standards for the holding and settlement of tokenized securities. The application deadline is November 27, and the three institutions will participate as observers.

The panel plans to launch its work in January 2027, developing technical and market standards applicable to different distributed ledger technology platforms and promoting their compatibility with existing financial systems. The panel aims to roll out its first batch of standards by early 2028, supporting Appia, the Eurosystem's European tokenized financial market blueprint project. (Cointelegraph)