The European Commission has been closely following the impact of distributed ledger technology on financial markets. To ensure that European markets benefit from legal certainty when distributed ledger technology (DLT) is used to issue assets and provide related financial services, the European Commission had proposed, and the co-legislators adopted, two important legislative acts: Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) and Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (DLTPR), both providing DLT-adapted frameworks for crypto-assets and traditional financial instruments respectively.
Beyond the area of crypto-assets governed by MiCA, DLT is experiencing increased uptake by ‘traditional’ regulated financial entities that deal with financial instruments under Directive 2014/65/EU (MiFID) and provide related services. To accompany this trend, the Commission Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) is organising an initial workshop on asset tokenisation with industry representatives. Understood broadly, asset tokenisation encompasses processes of issuing tokens on DLT that digitally represent a financial instrument, and also includes providing regulated financial services relating to tokenised instruments, as well as building the infrastructure that supports asset tokenisation activities.
The aim of this workshop is to discuss the three topics set out below, collecting feedback from market participants on their experience with asset tokenisation and identifying within each session issues that represent notable challenges (regulatory or otherwise) for nascent asset tokenisation initiatives as well as examine the role of the industry and the public sector.
The workshop will be held physically in Brussels, bringing together stakeholders selected in line with the process below. The workshop will not be streamed online.
The European Commission welcomes expressions of interest from stakeholders to participate in the workshop.
Industry stakeholders expressing their interest would be expected to contribute in the workshop based on the projects in the area of asset tokenisation they have been involved in.
Eligible participants include both representatives of financial entities and non financial entities that provide key services in support of asset tokenisation. The Commission will decide on the final composition of the workshop sessions based on the expressions of participation interest received.
The European Commission will select the participants for the workshop taking into account in particular the following criteria
Registration is closed.
