The global crypto economy grows in parallel with DeFi consolidation and crypto-asset regulation developments (EU Digi-Fin Package, US SEC, CFTC and FinCEN regulations on cryptosecurities, derivative cryptocurrencies and cryptoexchanges).

Generative AI and other related technologies like BDA, IoT are increasingly accompanying this complex technical and legal development process for social digital transformation, posing huge challenges to the progression of a tokenized economy and a DLT-endorsed efficient distribution of goods, either financial or non-financial (real assets).

Since 2021, the Token World Conference has been a renowned and stable scientific forum on cryptoassets and the token economy. Its 4th 2025 edition joins some of the world-leading experts in the social, legal and organizational aspects concerning DeFi and virtual tokens. Investors, DLT industry, practitioners and professors are invited again to dialogue with ICT and crypto-economy firms and institutions on related topics.

Some of the new 2025 challenges to be discussed in this edition deal with EU and UK Regulations in DLT finance (MiCA, Pilot Regime and DORA Regulation updates; Cryptoassets Order 2025 and FSMA), digital payment (DSP2 to 3) and non-financial regulations concerned by the DLT, like eIDAS2, GDPR and AML-VI.

The Comillas-CMS Observatory on Digital Transformation is honored to host this encounter for reflection in the site of CID – ICADE. The Directors of the Observatory thank the support served to the Conference by the Deans of Comillas Faculty of Law, CEU San Pablo University Faculty of Economic and the president and high representatives of Alastria Blockchain Ecosystem. We also thank the academic authorities and leading representatives of DLT and token world institutions that have joined and supported the event making it the world reference that it actually is.

Finally we are proud and thrilled to present during the Conference the research fruit of more than one hundred coauthors in the brand new Treatise on Law of the Digital Society (Tratado de Derecho de la Sociedad Digital) edited by the prestigious and ancient law editor Reus (Madrid), and directed by Prof. Dr. Ibáñez Jiménez, cofounder of Alastria and Codirector of the CMS Comillas Observatory.