[ECB, European Commission, and ESMA Call for Members for Tokenization Standards Group] According to DeepFlow TechFlow, on November 9th, the European Central Bank (ECB), the European Commission, and the European Securities and Markets Authority (ESMA) issued a call for applications, inviting institutions in the wholesale financial sector to express their intention to join the "European Tokenization Standards Group" (ETSG) to develop common standards for an interconnected tokenized finance ecosystem. The group will be chaired by industry professionals, with the ECB, European Commission, and ESMA participating as observers. Its work will be market-driven and based on member consensus. In addition to developing standards, the group plans to establish a framework for monitoring compliance with established standards and can make recommendations to EU institutions on how to incentivize compliance. Participation is open to EU industry associations, private institutions, global institutions, fintech companies, and technology providers engaged in tokenized or distributed ledger technology (DLT)-based financial services. The application deadline is November 27th. The background is the European Commission's "Market Integration and Supervision Package" (MISP), adopted in December 2025. A key measure in this package requires active institutions in the post-trade value chain—regardless of whether they are in DLT pilot programs—to promote interoperability between DLT market infrastructures and develop technical standards to support interoperability. The EU stated that DLT, if designed properly, could lead to a leap in the efficiency and integration of the financial ecosystem, but European institutions still need to first address the long-standing fragmentation and silo issues within the existing system.