[EU's Three Major Institutions Invite Industry to Develop Standards for Tokenized Securities] Odaily reports that the European Central Bank (ECB), the European Commission, and the European Securities and Markets Authority (ESMA) are soliciting nominations from industry groups to form an industry-led European Tokenization Standards Group to develop common standards for the holding and settlement of tokenized securities. The application deadline is November 27th, and the three institutions will participate as observers. The group plans to begin work in January 2027, developing technical and market standards applicable to different distributed ledger technology platforms and promoting their compatibility with existing financial systems. The group aims to launch the first standards by early 2028 to support Appia, a blueprint project for a European tokenized financial market within the Eurosystem. (Cointelegraph)