The European Central Bank (ECB) has officially identified the tokenization of financial assets as a cornerstone for the future of the European Union’s financial architecture, asserting that distributed ledger technology (DLT) offers a transformative opportunity to integrate the continent’s often fragmented capital markets. In a comprehensive Macroprudential Bulletin article released on April 13, 2026, the central bank detailed how the migration of traditional securities—such as bonds, equities, and money market funds—onto blockchain-based systems could resolve long-standing inefficiencies in the European financial ecosystem....