What is required to issue an asset-referenced token in the EU?

Crypto-asset offeror

Issuers that offer to the public or seek admission to trading of an asset-referenced token.

Yes, the issuer must be authorised under Article 21 or be a credit institution meeting Article 17.

Apply for authorisation, include an approved crypto-asset white paper and hold a reserve of assets.

critical (fine_cap_pct_turnover)

1. Check the Article 16(2) exemptions
2. Prepare the application and white paper
3. Set up the reserve of assets
4. Await authorisation

Before the offer to the public or the admission to trading.

• MiCA Art. 16
• MiCA Art. 18
• MiCA Art. 36
• MiCA Art. 111(3)

sha256 cc36afb1f089358abfbe6908d98f28df3d5df16bc348e3852a2c1c5bc0c6f034 · read 2026-10-15 · Source: NovaCopilot

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