Why is tokenisation both relevant and important for the EU?

A German firm, Roland Berger, has recently signed up BBVA, Commerzbank, Deutsche Bank and Santander, together with some large manufacturers such as Daimler Trucks, Renault and Repsol. The initiative, Tokenise Europe 2025, was initially organised by the German banking association but subsequently Spanish, Italian and Liechtenstein banks have joined, along with payments businesses such as Iberpay and Worldline. According to a report from, Tokenise Europe 2025: “A Token represents an asset in a digital form combined with information and assignable digital rights, all of which are connected in a programmable and heavily automated way.” Further key points highlighted by the report include:

 What is holding back tokenisation

“An underestimation of the importance of the technology in daily business; a certain general hesitance about innovation among the wider European population; the lack of a broader understanding of distributed ledger technologies (DLTs) and blockchain technology both in the…