According to Cointelegraph, the European Securities and Markets Authority (ESMA) is requesting industry input on the legal, liquidity and operational risks associated with using tokenized assets as collateral for clearing operations. The request aims to assess whether such collateral can be converted to cash when a crisis occurs. ESMA has not yet decided whether new EU regulatory measures are required; instead, it is gathering evidence through consultation with market participants. The focus remains on understanding practical challenges in accessing liquidity under stressed conditions. No specific timeline or mandate for regulation changes was mentioned.
