ESMA and MAS: tokenized assets need legal ownership and settlement finality for institutional use
- —ESMA launched the consultation on October 9, with a January 15, 2027 deadline
- —The review covers CCP access to tokenized collateral and its transfer in a default
- —MAS says tokenized trades must settle in safe, trusted digital money
- —IMF warns automated collateral movement can transmit market stress faster
Why it matters: Institutional adoption of tokenized assets as collateral hinges on legal ownership recognition and settlement finality.
Source: TokenPost
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