Second Meeting of the HCCH-UNIDROIT Digital Assets and Tokens Joint Project

From 2 to 4 October 2023, the second meeting of the HCCH-UNIDROIT Joint Project on Law Applicable to Cross-Border Holdings and Transfers of Digital Assets and Tokens was held at the premises of the Secretariat of the International Institute for the Unification of Private Law (UNIDROIT) in Rome, in hybrid format.

The Joint Project examines the desirability of developing coordinated guidance and the feasibility of a normative framework on the law applicable to cross-border holdings and transfers of digital assets and tokens, covering relevant private law aspects. The Joint Project was formally approved by the Council on General Affairs and Policy (CGAP) of the HCCH and the Governing Council of UNIDROIT earlier this year.

During the meeting, representatives of the Permanent Bureau of the HCCH and of the Secretariat of UNIDROIT, as well as the subject-matter experts identified for participation in the Joint Project, gathered to discuss responses to the project’s Scope Paper, leading to identification of possible topics for future work under the Joint Project.

The Permanent Bureau of the HCCH will report on the results of the discussions to CGAP in advance of its 2024 meeting, including suggestions on the desirability and feasibility of continuing work on this topic through the establishment of a joint Experts’ Group.