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