Glossary / A
Asset-referenced token
A MiCA category, other than an EMT, that seeks stability by reference to another value, right or combination.
- Sheet
- 053
- Section
- Glossary
- Instrument
- Star chart
- Edition
- 12 · XI · 2026
A MiCA category, other than an EMT, that seeks stability by reference to another value, right or combination.
What the term does and does not tell you
The reference basket, legal terms and issuer determine the analysis. The category is not simply another name for every stablecoin. Read the applicable issuer and reserve requirements.
Use it in the working file
Record the actual entity, asset, service and date alongside the term. A label alone is not an eligibility decision or a complete description of legal rights.
Sources & scope
Research snapshot: 12 November 2026. The dated rule, its scope and the legal entity matter. Open the primary source before acting.
- EUR-Lex: Regulation (EU) 2023/1114 — Markets in Crypto-AssetsEU legislation
- EBA: Asset-referenced and e-money tokens under MiCATechnical standards and guidance