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Tokenise Europe 2025 initiative launched by EU, German banking association

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Tokenise Europe 2025 aims to drive the adoption of tokenization to make the European Union a frontrunner in the sector and protect its sovereignty. It was founded by the European Commission in conjunction with the Association of German Banks, with consultancy Roland Berger providing support.

So far, 20 firms have joined the association, with Germany, Spain and Liechtenstein leading the charge. Four global banks are involved – BBVA, Commerzbank, Deutsche Bank and Santander – plus a handful of large industrial companies such as Daimler Trucks, Renault and Repsol. In addition to the German banking association, its counterparts from Italy and Liechtenstein are involved as well as payment firms Iberpay and Worldline.

Roland Berger ran a survey on tokenization, although it acknowledged the results published in January are not necessarily representative. It found that two thirds believe tokenization is relevant to their organizations, and half believe Europe will become a leader.

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