Updated 10/05/2025
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Article 3 - Delegated Regulation 2025/421

Article 3

Identification of the crypto-asset and the related white paper

1.   When the ISO 24165 Digital Token Identifier is provided, the crypto-asset white paper shall be identified with a valid identifier of type 3 pertaining to the group of crypto-assets to which the white paper relates.

2.   When the ISO 24165 Digital Token Identifier is provided, the crypto-asset or crypto-assets to which the crypto-asset white paper relates shall be individually identified with a valid identifier assigned to each of the crypto-assets to which the white paper relates.

3.   When the ISO 24165 Digital Token Identifier is not available, the crypto-asset white paper shall identify the crypto-assets to which the crypto-asset white paper relates, by using a digital token identifier approved by ESMA at Union level, which meets all of the following characteristics:

(a)

unique;

(b)

neutral;

(c)

reliable;

(d)

open source;

(e)

scalable;

(f)

accessible;

(g)

available at a reasonable cost basis; and

(h)

is subject to an appropriate governance framework.