The Malta Financial Services Authority has launched a public consultation on the tokenisation of financial instruments and real-world assets to assess how distributed ledger technology could be integrated into Malta’s financial services framework. It is seeking feedback on market readiness, priority asset classes and the legal, regulatory and infrastructure conditions needed to support tokenised markets. A central question is whether tokenised financial instruments can be accommodated within existing European Union frameworks or whether additional interpretative guidance, national measures or future European Union regulatory changes would be required. The consultation focuses on legal and regulatory issues such as ownership rights, settlement finality and the enforceability of smart contracts, alongside market infrastructure needs including token registries, interoperability between distributed ledger technology systems and custody arrangements. It also covers investor protection and risk management, including technological, operational and financial risks, and asks how investment firms, crypto-asset service providers and other market participants could support domestic market development. The feedback will inform the authority’s future policy direction, supervisory approach and any potential pilot initiatives in tokenised financial markets. Comments are due by 30 June 2026.
Malta Financial Services Authority2026-05-18
Malta Financial Services Authority launches consultation on tokenisation of financial instruments and real world assets
The Malta Financial Services Authority has launched a consultation on the tokenisation of financial instruments and real-world assets to assess how distributed ledger technology could support tokenised markets in Malta. It is seeking views on market readiness, suitable asset classes, legal and infrastructure requirements, and whether existing European Union and national frameworks are sufficient or need targeted updates. Responses are due by 30 June 2026.