AFME emphasizes market-based structures in vision for tokenization, DLT in Europe
Today the Association for Financial Markets in Europe (AFME) published its vision for future DLT-based architecture for European capital markets,
➤ AFME has published its vision for DLT-based architecture in European capital markets, emphasizing market-run structures over a public sector-managed unified ledger for securities. ➤ The association supports a singular cash ledger for central bank money, commercial bank money, and institutional stablecoins to mitigate liquidity fragmentation, while advocating for regulators not to obstruct the use of permissionless blockchains. ➤ AFME suggests a balance between EU governance and foreign control for permissioned ledgers, acknowledging the global nature of DLT networks while addressing European sovereignty concerns.













