Europe gives tokenized securities a collateral bridge

A substantive update to the global post-trade tokenization tracker adding Euroclear and Eurosystem collateral eligibility and its CSD/T2S boundary.

The threshold crossing is collateral eligibility for a CSD/T2S bridge form of digital security, not a broad green light for all tokenised assets or proof of live market-wide DLT collateral usage.

Euroclear’s April note is more useful after the implementation date than it would have been as a pre-launch headline.

Euroclear says marketable assets issued via DLT-based services at European CSDs became eligible as Eurosystem collateral on 30 March 2026. The operating change is real but bounded: eligible assets still need the ordinary collateral tests, an eligible CSD/SSS path reachable through T2S, and mobilisation through existing collateral-management practice.