EU bodies to form group for securities token settlement standards

The European Central Bank, the European Commission and the European Securities and Markets Authority will help form an industry expert group to develop common standards for the custody and settlement of securities tokens, Cointelegraph reported. The European Tokenized Securities Group plans to develop technical and market standards aimed at ensuring interoperability across different distributed ledger technology platforms and supporting links with existing financial systems. Applications to participate will be accepted through Nov. 27, with work set to begin in January 2027 and an initial draft standard targeted for early 2028. The ECB, EC and ESMA will participate as observers.