Blockchain x finance news: Action plan for tokenization in Europe released by AFME, which highlights the need for greater interoperability.

The Association for Financial Markets in Europe (AFME) published a report on digital finance. While digital asset issuance has increased significantly over the past four years, AFME highlighted the need for greater tokenization and DLT adoption in capital markets.

“Adoption of DLT-based securities is reaching a turning point,” noted the report. “Developing and scaling up use cases will require market participants to work together to build consensus on common standards, aligned and compatible technology architecture designs leading to greater interoperability of infrastructures and solutions.”

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More industry news from around the world:

1️⃣ Google, Amazon, Walmart to join Indian CBDC project

Indian fintech firms Cred and Mobikwik also joined. Together these five payment firms account for over 85% of digital payments via India’s instant payment solution, which averages about 12+ billion transactions each month.

https://t.co/hahPyk9642

2️⃣ Fidelity International lists Bitcoin ETP on the London Stock Exchange

The listing followed the FCA’s decision to allow exchanges to create a UK-listed market segment for crypto asset-backed exchange-traded notes, although they’re only available for professional investors.

https://t.co/walQCNcemp

3️⃣ Over 60 institutions have now tested tokenized assets as part of ECB trials

Institutions such as BayernLB, BNP Paribas, Cboe Clear Europe, Clearstream, and DekaBank, have tested solutions around tokenized bonds, Bearer ‘cryptobond’ issuance, and more.

https://t.co/0LvvpzjS8X

4️⃣ ECB explores offline digital euro

The solution would support CBDC payments without requiring an Internet connection, critical for broad retail payment adoption. The ECB is exploring an embedded Secure Element (eSE) and embedded SIM (eSIM) of end-user devices.