Edgen Crypto·Oct 09 2025, 15:04The European Union's regulatory frameworks, MiCA and MiFID II, currently overlook non-transferable tokenized assets, creating a significant gap in legal certainty for real-world asset tokenization. The EU Blockchain Sandbox has addressed this by proposing a
The European Union's existing digital asset regulations, namely the Markets in Crypto-Assets (MiCA) and the Markets in Financial Instruments Directive II (MiFID II), operate under the presumption of token transferability. This framework inadvertently creates a regulatory blind spot for digital assets that are designed to be non-transferable, such as non-listed company quotas or bespoke revenue-sharing contracts. This oversight has generated uncertainty for the burgeoning real-world asset (RWA) tokenization market within the EU.
To address this, the EU Blockchain Sandbox has introduced a