The European Central Bank, European Commission and European Securities and Markets Authority are seeking applicants for an industry-led group to draft standards for holding and settling tokenized securities. Applications to the European Tokenisation Standards Group are due Nov. 27; the three institutions will participate as observers, and work is set to begin in January 2027.
The group aims to produce initial standards by early 2028 to help different distributed ledger platforms work with each other and with existing financial systems. The institutions said the group may also recommend ways for EU authorities to encourage firms to adopt the standards.
