Marketing an asset-referenced token.

MiCA Article 29(1): the four requirements for marketing an asset-referenced token — identifiable, fair, consistent with the white paper, issuer contacts.

European Union MiCA Article 29(1)

The rule.

Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) · Article 29(1)

“the marketing communications are clearly identifiable as such”

Verbatim extract, read on 4 November 2026 from the source below. Everything else on this page is NorthPoint’s plain-English reading.

What it requires.

  • Points (a) to (d) mirror Article 7(1)(a)–(d): clearly identifiable as marketing; fair, clear and not misleading; consistent with the crypto-asset white paper; and a clear statement that the white paper has been published, with the issuer's website, telephone number and email address.
  • Elsewhere in Article 29: the communications, and any changes to them, are published on the issuer's website (29(3)), and none may be disseminated before the white paper is published (29(6)).

Who it applies to.

Marketing communications for an offer to the public, or an admission to trading, of an asset-referenced token (ART).

Common violations in marketing copy.

Violation pattern · stablecoin as cash

[ART] — as good as money, backed by everything.

Overstates what the reserve and redemption terms say; inconsistent with the white paper and misleading.

Violation pattern · off-site campaign

A campaign landing page that never appears on the issuer's website

Article 29(3) requires the communications to be published on the issuer's website.

Non-compliant vs compliant.

Non-compliant · example written by NorthPoint

“Fully backed, always stable, zero risk.”

Compliant · example written by NorthPoint

“[ART] references [basket]. Reserve composition and redemption terms are in the white paper at [website]. Contact: [phone] · [email].”

Related rules.

Source.

InstrumentRegulation (EU) 2023/1114 on markets in crypto-assets (MiCA)
ProvisionArticle 29(1)
Primary sourcehttps://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mica/article-29-marketing-communications
Official texthttps://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng
Read fromESMA Interactive Single Rulebook, one page per article (ESMA's own publication of the MiCA text)
Checked

This page is general, sourced information for marketing teams, not legal advice. The examples are written by NorthPoint to illustrate the rule; for a binding view on your own promotion, retain qualified counsel in the jurisdiction concerned.

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