Awesome Digital Assets in Financial Services (European Focus)

<div align="center"> <img width="400" src="media/awesome_digital_assets_logo.png" alt="Awesome Digital Assets Logo"> <p>A curated collection of high-quality resources on blockchain, tokenization, and DLT-based capital markets — with a focus on European institutional use cases and regulation.</p> <p>📌 Made for professionals and curious minds who want to understand the evolving DLT-based financial system</p> </div>

⭐️ Resources marked with a star are recommended beginner-friendly entry points.

Want to contribute? See my Guide for Contributors.

Questions, feedback, or ideas? Reach out on LinkedIn — Happy to connect!

<b>(NEW)</b> If you look specifically for relevant reports, feel free to also check out Blockstories Intel Library. Their database covers most relevant reports and has additional functions to sort & filter by topic, date, publisher and more. Their tools also cover an event tracker, news ticker, license tracker and much more. It is a high-quality source if you are looking for digital asset intel.

Disclaimer: The resources linked here do not constitute financial advice and are exclusively external sources. The copyright of these great resources lies with the authors.

Contents

• Digital Assets & Tokenization
  • DLT-based Capital Market
  • Tokenization by Asset Class
• Digital Money
  • CBDCs (Central Bank Digital Currencies)
  • Tokenized Bank Deposits
  • Stablecoins (E-Money Token and others)
• Decentralized Finance (DeFi)
• Industry Initiatives & Networks
  • BIS Innovation Hub
  • ECB New Technologies for Wholesale Settlement Contact Group (NTW-CG)
  • Other Consortia & Networks
• Technology & Infrastructure
  • Blockchain Platforms (commonly used in industry initiatives)
  • Custody Solutions
  • Interoperability Solutions
• Market Insights
  • Research & Reports
  • Data & Analytics Platforms
• Regulation
  • EU Regulatory Frameworks & Relevant Standards
  • Regulation Research & Analysis
• Events (Where to Connect with the Community)
• Thought Leaders, Associations & Standards
• How to stay up to date (News & Media)
  • News Sites
  • Podcasts
  • Newsletters & Telegram Channels
• Educational Resources
• Other DLT-related Awesome Lists

Digital Assets & Tokenization

DLT-based Capital Market

• <b>(NEW)</b> Nasdaq: Making the Case for Tokenized Collateral - This global survey examined collateral operations across investment banks, custodians, prime brokers, asset managers and CCPs to assess current challenges and tokenization readiness. (February 2026)
• <b>(NEW)</b> IOSCO: Tokenization of Financial Assets - This Report reflects the observations from a monitoring exercise conducted by IOSCO to conduct research and gather information on the current state of development and adoption of tokenization and distributed ledger technology (DLT) in capital markets products and services. (November 2025) ⭐️
• <b>(NEW)</b> EFAMA: Tokenisation, a buyside practitioner's guide - The report provides an overview of how tokenisation will transform the asset management industry, highlights the global context in which other jurisdictions are advancing this topic from a buyside's perspective. (June 2025)
• <b>(NEW)</b> CCAF: Digital Public Infrastructure and Digital Financial Services: Convergence, Landscape and Regulatory Considerations - The report examines how the convergence of digital public infrastructure (DPI) and digital financial services (DFS) is transforming the financial services sector. (July 2025)
• <b>(NEW)</b> GBBC x OliverWyman: Proposed Risk Mitigation Framework for Non-Financial Risks of Blockchain Infrastructures - An extensive framework proposing risk mitigation measures for non-financial risks when using permissionless and permissioned blockchain infrastructures. (July 2025)
• WEF: Asset Tokenization in Financial Markets: The Next Generation of Value Exchange - In-depth report by the WEF examining the evolution of asset tokenization in financial markets.
• MAS: Project Guardian - Project Guardian references a four-layered model to describe technology components in a potential digital asset network for capital markets.
• <b>(NEW)</b> GFMA, AFME, BCG and others: The Impact of DLT in Capital Markets: Ready for Adoption, Time to Act - This report illustrates how tokenization and DLT are reshaping securities issuance, collateral management, and fund operations. (August 2025) ⭐️
• GFMA: Impact of Distributed Ledger Technology in Global Capital Markets - In-depth report covering the topic of a DLT-based capital market from basics to more advanced topics.
• Bain: How Tokenization Can Fuel a $400 Billion Opportunity in Distributing Alternative Investments to Individuals - This paper describes how blockchain and tokenization could directly address the distribution challenges facing the alternatives industry.
• BCG: Relevance of on-chain asset tokenization in 'crypto winter' - BCG Report on the relevance of on-chain asset tokenization.
• Kinexys (JPM): Project EPIC - This report serves as a comprehensive examination of Kinexys' perspective on privacy, identity and composability in asset tokenization.
• KPMG & KfW: DLT-based Capital Market - An analysis of the degree of maturity of DLT-based capital markets based on KfW's first two blockchain-based digital bonds.
• Fabian Schär for the European Commission: Enhancing financial services with permissionless blockchains - This report examines the potential of public permissionless blockchains to enhance traditional financial services.

Tokenization by Asset Class

Tokenized Funds

• <b>(NEW)</b> GDF: The case for collateral mobility in Europe & the UK using tokenized money market funds - Results of a working group reporting on the legal certainty of collateral eligibility and the mobility of Tokenized Money Market Funds (TMMF) in Luxembourg, Ireland, and the UK. (November 2025)
• <b>(NEW)</b> MAS: Operationalising Tokenised Funds - This report acts as a playbook for launching and scaling tokenised funds proven through pilots and live use cases. (November 2025)
• <b>(NEW)</b> BIS: The rise of tokenised money market funds - BIS Bulletin on the growing issuance of tokenised money market funds (November 2025)
• BCG: Tokenized Funds - The Third Revolution in Asset Management Decoded - Fund tokenization, the third revolution in asset management, offers the potential to create billions of dollars in value for both financial institutions and end investors, according to this whitepaper.
• [Project Guardian: (Tokenized) Funds Framework (GFF)](https://www.mas.gov.sg/-/media/mas-media-libra