The three EU bodies are soliciting members for a tokenization standards working group, with plans to release the first batch of standards in early 2028.

The European Central Bank, the European Commission, and the European Securities and Markets Authority are seeking members for a European Tokenization Standards Group, led by the industry, to develop common standards for the holding and settlement of tokenized securities. EU industry associations, global institutions, private companies, and fintech companies can apply by November 27th. The group plans to begin work in January 2027, with the three institutions participating as observers. The goal is to develop the first batch of technical and market standards by early 2028 to support the holding and settlement of tokenized securities across distributed ledger platforms and to facilitate interoperability between these platforms and existing financial systems. These standards will support Appia, a Eurosystem-wide blueprint project for tokenized finance markets.