Europe must become more attractive for digital business models that strengthen Europe's competitiveness
A simple set of rules and better digital skills are needed to foster innovation
The European Commission and the Association of German Banks launch a joint initiative on tokenisation involving over 20 organisation
Tokenise Europe 2025: New initiative shows benefits of tokenisation
How important tokenisation - the digital mapping of physical assets into digital tokens using a so-called distributed ledger infrastructure - is for Europe is mostly underestimated. This is the result of the report by "Tokenise Europe 2025", a project initiated by the European Commission and the Association of German Banks in cooperation with the consultancy Roland Berger and more than 20 member organisations from France, Germany, Portugal, Italy, Liechtenstein, Sweden and Spain.
The initiators of the project emphasise how important a tokenised economy is for Europe in global competition. Moreover, this new technology lays the foundation for innovative services and business models throughout Europe. However, many are not yet aware of the necessity and advantages of this technology, also because there is no uniform set of rules so far. Therefore, a lot of educational work still needs to be done in both the public and private sectors so that the existing potential can also be fully exploited in Europe.
Tokenisation plays a central role in Europe's future competitiveness and strategic resilience. It enables seamless and efficient processes in everything from supply chains and trade finance to logistics and public services. Tokenisation of financial markets leads to greater efficiency, security and trust. At the same time, it reduces the complexity of transactions.
The European Commission and the Association of German Banks, in cooperation with Roland Berger and more than 20 high-profile partners from the private sector, industry, the financial sector and the digital industry, have produced the report on the "Tokenise Europe 2025" initiative.
The initiative "Tokenise Europe 2025" was launched by the European Commission and the Association of German Banks with the support of the consultancy Roland Berger and more than 20 member organisations from different countries and industries to promote the tokenisation of Europe.