On 12 December 2024, the European Banking Authority (EBA) issued a report on tokenised deposits.

In the report the EBA outlines preliminary observations as to potential benefits and challenges of the use of tokenised deposits, which may vary depending on design parameters.

In the light of the assessment of tokenised deposits set out in the report, the EBA identifies no immediate need to adjust the regulatory and supervisory framework, on account of the limited market presence and experience with such tokens to-date, and lack of evidence to inform any potential changes to such frameworks at the current time.

In terms of next steps, the EBA encourages competent authorities to carry out regular market monitoring and knowledge exchange regarding projects to tokenise deposits in their jurisdiction, by using a common template questionnaire developed by the EBA for use in the context of line supervision. This is important to gain a comprehensive overview of market developments, and to form a basis on which coordinated supervisory approaches can be fostered in the EEA.