EFAMA supports the majority of measures but warns against new ESMA supervisory reviews for large asset managers
Tokenisation
EFAMA is at the forefront of shaping the future of tokenisation and distributed ledger technology (DLT) in Europe's asset management industry. Our members have intensified engagement in policy discussions to facilitate a seamless migration to tokenised assets, examining every link in the value chain—from issuing tokenised funds and investing in crypto assets to harnessing the efficiencies of blockchain-based trading and settlement. Through collaborative efforts with regulators and stakeholders, we advocate for frameworks that foster innovation while ensuring investor protection and market integrity.
By embracing DLT, asset managers can deliver superior value to clients through enhanced liquidity, cost reductions, and 24/7 accessibility, positioning Europe as a leader in a fully digitised financial ecosystem. These advancements not only keep our industry relevant but also mobilise greater European savings into productive capital markets, supporting the EU’s transition to a more sustainable and digital-enabled economy, while helping boost retirement savings. Explore our positions, papers, consultation responses, and key resources, including our June 2025 report "Tokenisation: A Buyside Practitioner's Guide," to stay informed on this transformative journey.
European Commission’s ambitious market integration package addresses many barriers to the Savings & Investment Union
EFAMA calls for reform of the digital assets framework to fast-track improvements in EU capital markets
EFAMA believes that many of the barriers identified in the European Commission's Savings and Investment Union consultation on the integration of EU capital markets can be effectively addressed through Distributed Ledger Technology (DLT).