The European Central Bank, the European Commission and the European Securities and Markets Authority are seeking candidates for an industry-led group tasked with drafting common standards for holding and settling tokenized securities. EU industry associations, global institutions, private firms and financial technology companies can apply by Nov. 27 to the European Tokenisation Standards Group, whose work will begin in January 2027. The group will develop technical and market standards to enable tokenized securities to be held and settled across different distributed ledger technology platforms and ensure their interoperability with existing financial systems. It aims to deliver an initial set of standards by early 2028 to support the ECB’s Appia project and prevent fragmentation that could limit the benefits of tokenization. In September, the Eurosystem launched Pontes, a system that allows financial institutions to settle wholesale transactions in tokenized assets using central bank money.
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