CTF Written Submission
Tokenization Takes on Financial Services and Capital Markets
May 14, 2025
- The EU market in cryptoassets (MiCA) regulation introduces specific rules for stablecoins, requiring issuers to meet capital and governance requirements and comply with AML, custody, and operational rules.
- The DLT pilot regime allows for the creation of DLT-based trading venues and settlement systems, providing temporary exemptions from certain EU financial rules to test innovations.
- Luxembourg's Blockchain Law IV explicitly recognizes and regulates the use of DLT for issuing, registering, and transferring dematerialized securities, introducing a "control agent" to monitor and verify transactions in real time.
Last Reviewed or Updated: May 14, 2025