On October 9, ESMA opened a call for evidence on tokenized collateral at central counterparties (CCPs), open for contributions until January 15, 2027. This article sets out what the document asks on rights, finality of transfers and liquidity, and what it implies for how tokenization...

The new EU prospectus threshold may simplify some real estate tokenization projects. Three checks still matter: token rights, asset readiness and how the offer is structured.

Understanding whether a token falls under MiCAR or qualifies as a MiFID II financial instrument is one of the first decisions in regulated tokenization.