European Union pushes tokenisation rules as MiCA rollout spurs crypto exchange licensing

The European Commission has opened a consultation to reshape the EU’s Markets in Crypto‑Assets Regulation (MiCA) for tokenised assets. The review examines whether tokens held on blockchains grant ownership rights, how they should be treated under existing securities law, and whether stablecoins and tokenised deposits can serve as market infrastructure. It also considers expanding the scope of the Distributed Ledger Technology Pilot Regime to make DLT‑based trading and settlement more commercially viable, and notes that the European Central Bank will accept DLT‑issued assets as collateral from April 2026.

In parallel, crypto platform BGEANX Exchange has applied for a Crypto‑Asset Service Provider (CASP) licence under MiCA. The application is under regulatory review, and the exchange says the licence will allow it to offer trading, custody and fiat‑crypto conversion services across the EU. BGEANX views regulatory compliance as a competitive advantage in the emerging, more‑regulated European crypto market.