The European Union and the German Banking Association jointly launched the Tokenise Europe 2025 initiative

According to Ledger Insights, Tokenise Europe 2025 aims to promote the tokenization of assets, make the EU a leader in this field and protect its sovereignty. It was co-founded by the European Commission and the Association of German Banks, with support from consulting firm Roland Berger.

To date, 20 companies have joined the association, with Germany, Spain and Liechtenstein leading the way. Four global banks were involved — BBVA, Commerzbank, Deutsche Bank and Santander — as well as a handful of large industrial companies such as Daimler Trucks, Renault and Repsol. In addition to the German Banking Association, Italian and Liechtenstein counterparts, as well as payments companies Iberpay and Worldline, are also involved.

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