This document outlines the regulatory framework for asset-referenced tokens and e-money tokens, detailing the authorisation requirements for issuers and crypto-asset service providers. It defines the obligations incumbent upon these issuers, emphasises the necessity of adequate asset reserves, and stipulates the conditions for acquiring such entities. Furthermore, it addresses aspects related to significant tokens and service providers, ensuring robust oversight by competent authorities whilst facilitating cooperation between agencies such as the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).

The subsequent chapters encapsulate the administrative processes, including penalties for non-compliance, as well as the supervisory responsibilities of EBA concerning significant tokens. By promoting strict adherence to these criteria, the document seeks to ensure consumer protection and financial stability within the evolving crypto landscape.