Daily Observation of Cryptocurrency Policy: The three major institutions in Europe are establishing the ETSG, aiming for a unified tokenized financial underlying standard by 2028
Released on November 10, 2026. In the face of an increasingly fragmented Distributed Ledger Technology (DLT) market, European regulators are seeking to unify underlying technologies and market standards from a top-level design perspective. The European Central Bank (ECB), the European Commission, and the European Securities and Markets Authority (ESMA) jointly announced an open call for members of the European Tokenization Standard Group (ETSG) for the wholesale financial industry. This group will officially launch in January 2027, aiming to establish universal standards for the settlement of tokenized securities across different DLT platforms, deeply empowering the euro system's tokenization blueprint plan Appia, and thoroughly enabling interoperability in European on-chain finance.
