Eu Seeks Nominations Stakeholder Group Tokenisation Standards Finance 2026 11 09 En

The European Central Bank (ECB) , together with the European Commission and the European Securities and Markets Authority (ESMA) , is calling upon wholesale financial industry stakeholders to express their interest in joining the European Tokenisation Standards Group (ETSG). The group will bring together industry stakeholders to develop common standards for an interconnected tokenised financial ecosystem.

Tokenisation and the use of distributed ledger technologies (DLT) are bringing significant changes to how financial services and markets operate. If designed appropriately, DLT could be highly transformative and bring a level‑shift in the efficiency and integration of the financial ecosystem. While embracing tokenisation, European stakeholders are facing the challenges of overcoming fragmentation and silos that already characterise the legacy ecosystem and can prevent reaping the benefits that this new technology offers.

The group aims to establish a framework for monitoring compliance with the agreed standards and may formulate recommendations for EU authorities on how to incentivise compliance with those standards. Its work will be market‑driven and shaped by the contributions and consensus of industry stakeholders. To this end, the ETSG will be chaired by participants from the industry, with the ECB, the Commission and ESMA acting as observers. Participation in the ETSG is open to a wide range of stakeholders, including EU associations, private entities, global institutions, fintech companies and technical providers working on tokenisation or DLT‑based financial services, in accordance with its mandate .

In December 2025, the European Commission adopted a comprehensive package of proposed measures ( market integration and supervision package, MISP ) designed to remove barriers and unlock the full potential of the EU single market for financial services. In addition to addressing long‑lasting fragmentation, the package will also remove regulatory barriers to innovation and the application of distributed ledger technology (DLT) in financial services. One of the key measures proposed in the MISP is to require active entities in the post‑trading value chain, both within the Pilot and beyond, to work towards interoperability between DLT market infrastructures and to establish technical standards that support it

Industry stakeholders and public bodies interested in joining the ETSG are invited to review the further background information and respond to the call for nominations. The deadline for submitting applications is 27 November 2026 .

Respond to the call for nominations