meta_id 3162136

The Malta Financial Services Authority (MFSA) has launched a public consultation on the tokenisation of financial instruments and real-world assets. The consultation document explores topics including: Market appetite and strategic positioning, including the identification of asset classes most valuable to tokenisation in Malta. Legal and regulatory considerations such as ownership rights, settlement finality, and the enforceability of smart contracts. Market infrastructure requirements, including token registries, interoperability between DLT systems and custody arrangements. Investor protection and risk management, covering emerging technological, operational and financial risks. Domestic market development, including the role of investment firms, crypto-asset service providers (CASPs) and other market participants. The MFSA is seeking feedback from industry stakeholders and the public to better understand market readiness, identify priority asset classes and evaluate the infrastructure, legal, and regulatory considerations required to support tokenised markets in Malta. The outcomes of the consultation will inform the MFSA’s future policy direction, supervisory priorities, and any necessary regulatory amendments required to support the safe and orderly development of tokenised markets in Malta. Interested parties can submit their comments by June 30, 2026 via email to fintech@mfsa.mt .