CMTA & BfeW Team Up to Advance European Tokenisation Standards
The Capital Markets and Technology Association (CMTA) and the German Association for Electronic Securities (BfeW) have joined forces to advance tokenisation standards across Europe. This collaboration, led by Dr. Jacques Iffland and Christopher Görtz, aims to align technical frameworks in Switzerland and Germany, fostering innovation and international standardisation.
The partnership has resulted in the update of CMTA's smart contract framework for tokenisation, the CMTAT. The updated framework now aligns with the requirements of the German Electronic Securities Act (eWpG). This update ensures that token code can be adjusted to meet local legal requirements, providing flexibility across different jurisdictions.
Markus Kluge and Dr. Michael Müller, both from BfeW, have joined CMTA's Technical Advisory Board Committee to support the framework's compliance with German regulatory requirements. BfeW's ERC-7551 standard, which incorporates CMTA's core tokenisation functions, has played a significant role in this collaboration.
This collaboration between CMTA and BfeW is a step towards international standardisation in the digital securities market. It demonstrates a commitment to aligning technical frameworks across jurisdictions, paving the way for wider adoption of tokenisation.
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