HCCH Experts' Group holds second meeting on digital tokens
The Hague Conference on Private International Law (HCCH) has announced that its Experts' Group on Digital Tokens held its second meeting from 18 to 20 November 2025, attended by over 50 delegates representing 17 HCCH Members and eight Observers in a hybrid format. Under its first workstream, participants agreed to begin drafting provisions for a private international law framework on electronic transferable records, ensuring that they are full aligned with the UNCITRAL Model Law on Electronic Transferable Records. Under the second workstream, discussions focused on stablecoins and Bitcoin as cases studies to examine private international law issues raised by digital tokens, particularly regarding jurisdiction and applicable law. The Experts' Group will present a progress report to the Council on General Affairs and Policy in March 2026.