Crypto tokens tied to the value of stocks could mislead investors as they don’t usually give holders the same rights as a direct shareholder, says the European Union’s markets regulator.
Several companies have data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/tokenization-explained” title=”null”>tokenized stocks and derivatives that are backed by the shares they represent held in a special purpose company, European Securities and Markets Authority (ESMA) executive director Natasha Cazenave data-ct-non-breakable=”null” href=”https://www.esma.europa.eu/sites/default/files/2025-09/ESMA75-1322421554-607_Natasha_Cazenave_s_Keynote_Speech_at_Capital_Markets_in_Digital_Age__1-2_September_2025.pdf” rel=”noopener nofollow” target=”_blank” title=”null”>said at a conference in Dubrovnik, Croatia on Monday.
“These tokenized instruments can provide always-on access and fractionalisation but…
