European Blockchain Sandbox Announces Third Cohort: Web3 Innovators Like Privado ID Gain Regulatory Support

The European Blockchain Sandbox initiative has selected its third cohort of participants, featuring cutting-edge Web3 projects including digital identity solution Privado ID. This regulatory sandbox, designed to foster blockchain innovation within the EU’s legal framework, provides selected companies with direct access to regulators for testing compliance solutions. The program highlights Europe’s commitment to becoming a global leader in blockchain adoption while maintaining robust consumer protections. Participants will benefit from 12 months of regulatory guidance, potentially shaping future blockchain policy across the European single market.

Thehas announced the third cohort of its dialogues, including a number of Web3, tokenization, decentralization, RWAs, and other blockchain-related projects.

According to the announcement, the selection team was led by blockchain experts from strategy consultancy.

In total, the initiative has chosen twenty participants. These includeand, a digital, privacy-preserving age verification and online child safety solution with their Blockchain Age Estimation.

Privado ID, formerly known as, allows individuals to prove their age, qualifications, and other data without revealing sensitive personal information. They use cryptography and zero-knowledge proofs ( ZKPs ) to protect this sensitive data. Therefore, the product is also a competitor to.is the digital identity and cryptocurrency project founded byCEO Sam Altman.

Privado ID and Privately’s collaboration focuses on age verification through self-sovereign identity (SSI). Per the European Blockchain Sandbox, this is “a critical challenge in 2025 and beyond.” Using ZKPs and verifiable credentials (VCs), the partners eliminate the growing risks associated with sharing personal data.

🥳The 3rd cohort of use cases are live!

🙌Head over to our website to see the full list: https://t.co/9opvQf4V23 #blockchain #thirdcohort #europeanblockchainsandbox pic.twitter.com/2DjuDQqoZ8

Another chosen project is digital assets infrastructure company, which has developed the privacy-focusedblockchain. Also, it enables financial institutions, including central banks, to issue digital currencies and assets, tokenize real-world assets ( RWAs ), and conduct cross-border transactions.

Additionally, the list includes digital inheritance platform, Web3 tokenization infrastructure, Web3/4 financial compliance infrastructure platform, decentralized and tokenized knowledge graph protocol, and EMERALD blockchain-based trustworthiness system.

There is alsothat merges TradFi systems with advanced on-chain technology, as well as, which offers a blockchain-native infrastructure that streamlines institutional asset management.

Another participant is a Chromaway-incubated collaboration.,,, andhave created a blockchain-powered Digital Product Passport (DPP) for end-of-life battery management.

Blockchain Sandbox ‘Enhancing Knowledge of Cutting-Edge Tech’

“The selected use cases span all EU/EEA regions and represent a wide range of industry sectors and regulatory topics,” the announcement says. The full list of participants is available on the website.

The European Blockchain Regulatory Sandbox for innovative use cases involving Distributed Ledger Technologies (DLT) is an initiative of the. It was announced in February 2023.

Per the initiative’s website, the project’s goal is to provide a framework for regulators, supervising authorities, and blockchain innovators. This framework is meant to help them engage in a regulatory dialogue, as well as identify obstacles from a legal and regulatory perspective.

📢 2nd cohort Best Practices Report coming 29th April

📷 Register for the Best Practices webinar here: https://t.co/tY9ZjgQETL #Blockchain #Webinar #BestPractices #EuropeanBlockchainSandbox pic.twitter.com/77mD7DVwqA

Subsequently, this will “increase legal certainty for innovative decentralized technology solutions, including blockchain,” it says. “The sandbox will allow regulators and supervisors to enhance their knowledge of cutting-edge blockchain technologies.”

The sandbox held two discussions over the past two years. It selected various projects , regulators, authorities, and financial entities across the Union for its cohorts, aiming to refine regional regulatory strategies.

Meanwhile, speaking of European sandboxes, in April 2024, the United Kingdom launched a digital securities sandbox consultation for DLT testing.

More precisely, the(BoE) and the UK’s(FCA) held a consultation process last year related to draft guidance for the Digital Securities Sandbox (DSS) for DLT testing.