Saturday, January 22, 2022

European markets regulator seeks comments on tokenized securities regulation

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The European Union markets regulator wants to know if regulations need to be changed to support tokenized securities.

  • The European Securities and Markets Authority (ESMA) solicits submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities.
  • Specifically, ESMA is investigating whether existing rules need to be changed to be effective for securities traded using distributed ledger (DLT) technology.
  • The agency’s DLT Pilot will explore how data stored on a blockchain could enable more efficient, secure and profitable securities trading and settlement. It should start in early 2023.
  • Stakeholders have until March 4 to submit their comments.

Read more: How the crypto regulatory scene could evolve in 2022

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