There is broad consensus among international regulators and practitioners that Crypto Assets as an emerging new asset class and related Distributed Ledger/Blockchain Technology (DLT) will have an immense potential for innovation end efficiency gains in the financial sector. Crypto Assets and tokenisation might revolutionise the financial markets in similar ways as securitisation in the past. Considering that, in view of the finance industry forging ahead, the EU Commission has taken up the subject by the initiation of formal proceedings, time has come to attempt an overarching analysis of the current state.
