EU seeks nominations for stakeholder group on tokenisation standards in finance

Baskin Logic summary

The European Central Bank, the European Commission and ESMA, the EU markets regulator, are asking financial industry groups to put forward members for a new European Tokenisation Standards Group. Tokenisation means representing financial assets as digital tokens on shared ledgers. The group's job is to agree on common standards so that different tokenised systems can work together. Industry members will lead it, while the three EU bodies will sit in as observers. It may also recommend ways EU authorities could nudge firms to adopt the standards. The beginner lesson: rules and standards usually arrive before a new market becomes everyday, so watch the official sources. Education only. Not investment advice. We do not pick coins.

Written by Baskin Logic News. The news facts come from the reports listed below, and the beginner lesson is ours. Read them for the full story.