ECB, European Commission and ESMA Invite Industry to Set Tokenized Securities Standards

The European Central Bank (ECB), European Commission and European Securities and Markets Authority (ESMA) are inviting industry groups to nominate representatives for an industry-led group to develop shared standards for holding and settling tokenized securities. According to Odaily, applications are due by November 27, and the three institutions will participate as observers. The group is scheduled to begin work in January 2027. It plans to establish technical and market standards for different distributed ledger technology platforms and promote compatibility with existing financial systems. The group aims to publish its first standards by early 2028 to support Appia, the Eurosystem’s blueprint project for European tokenized financial markets.