Source: OJ L, 2025/421, 24.3.2025

Current language: EN

Article 3 Identification of the crypto-asset and the related white paper


    1. When the ISO 24165 Digital Token Identifier is provided, the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; white paper shall be identified with a valid identifier of type 3 pertaining to the group of crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; to which the white paper relates.

    1. When the ISO 24165 Digital Token Identifier is provided, the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; or crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; to which the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; white paper relates shall be individually identified with a valid identifier assigned to each of the crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; to which the white paper relates.

    1. When the ISO 24165 Digital Token Identifier is not available, the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; white paper shall identify the crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; to which the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; white paper relates, by using a digital token identifier approved by ESMA at Union level, which meets all of the following characteristics:

      1. unique;

      2. neutral;

      3. reliable;

      4. open source;

      5. scalable;

      6. accessible;

      7. available at a reasonable cost basis; and

      8. is subject to an appropriate governance framework.

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