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EU institutions seek industry members to draft common tokenisation standards
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Opening story…
కథనం తెరుస్తున్నాం…
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Opening story…
కథనం తెరుస్తున్నాం…
The European Central Bank, European Commission and European Securities and Markets Authority opened a call on November 9 for members of a new industry group to develop common standards for tokenised finance. The aim is to help separate platforms work together when assets such as securities are represented by digital tokens. Applications close November 27.
Industry representatives will chair the European Tokenisation Standards Group, with the three institutions taking observer roles. The group will work on how to monitor compliance with the standards it agrees and may recommend ways for authorities to encourage their use.
The call is aimed at wholesale financial market participants and is open to organisations including industry associations, fintech companies and technology providers. It begins the standards work by recruiting members.
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