MiCA Architect Says EU Should Focus on Tokenization Before DeFi Rules

One of the architects of the European Union’s Markets in Crypto-Assets framework said the bloc should prioritize tokenization rather than move quickly toward new decentralized finance rules, as the European Commission gathers feedback on MiCA’s future direction.

The comments matter because MiCA is already a major reference point for crypto regulation in Europe, and any expansion of the framework could shape how companies, protocols and investors approach the region. A decision to emphasize tokenization over DeFi rules would point regulators toward real-world asset and market infrastructure questions before tackling more complex decentralized systems.

According to the source material, the MiCA architect said he sees no need to regulate DeFi at this stage. That position comes as policymakers continue assessing whether the current framework should be broadened after its initial implementation.

MiCA was designed to create a unified crypto rulebook across the EU, but the question of what comes next remains open. DeFi presents a harder regulatory challenge because activity can be spread across software, users and governance structures rather than traditional centralized intermediaries.

For the crypto industry, the signal is that the next phase of EU debate may not be limited to stricter rules. It may also involve deciding which areas of blockchain-based finance are mature enough for regulation and which should remain under review while markets develop.