EU Institutions Form Working Group on Tokenized Securities Standards

The European Central Bank, the European Commission, and the European Securities and Markets Authority are seeking nominations from industry groups to establish a Europe-led working group on tokenization standards, aimed at developing 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 group plans to begin its work in January 2027, developing technical and market standards applicable to various distributed ledger technology platforms and promoting their compatibility with existing financial systems. The group's goal is to launch the first set of standards by early 2028, supporting the Appia project, which serves as a blueprint for the European tokenized financial market within the euro system.

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