Original sourceKuCoin
Summary
ESMA launched a call for evidence on October 9, 2026, to assess whether central counterparties can safely use tokenized collateral under the EU's MiCA and EMIR frameworks. It covers liquidity, legal rights, settlement, transfer during the collateral lifecycle, custody, ownership and liquidation, an…
Key points
- This is a key consultation on whether tokenized assets can enter the formal clearing collateral system, and its outcome will shape the design direction of related infrastructure.
- If tokenized collateral is recognized as retaining legal enforceability and liquidity under market stress, it will open a new channel for institutions to use on-chain assets.
- Clearing houses, custodians and infrastructure firms need to submit practical evidence before the deadline, and their responses will directly shape future collateral rules.
Editorial note
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