European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities
ESMA wants to explore whether existing regulatory standards need to be amended.
Jan 4, 2022 at 10:26 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GGPK5LX2BRDVZH6SGYSFXW55WY.jpg)
Jamie Crawley is a CoinDesk news reporter based in London.
The European Union’s markets regulator is seeking feedback on whether regulations need to be amended to accommodate tokenized securities.
- The European Securities and Markets Authority (ESMA) is seeking submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities.
- Specifically, ESMA is exploring whether existing rules need to be amended to be effective for securities traded using distributed ledger technology (DLT).
- The agency’s “DLT Pilot” will explore how data stored on a blockchain could enable more efficient, secure and cost-effective trading and settlement of securities. It is expected to commence in early 2023.
- Stakeholders have until March 4 to submit their comments.
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Jamie Crawley is a CoinDesk news reporter based in London.
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Jamie Crawley is a CoinDesk news reporter based in London.
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