DLT
EU DLT Pilot Regime
The European Union's regulatory sandbox for tokenized securities market infrastructure, permitting DLT-based trading and settlement systems to operate under temporary exemptions from CSDR and MiFID II rules.
Germany's Electronic Securities Act: Digitalising the Bund
Germany's Electronic Securities Act (eWpG), in force since 2021, allows securities to be issued as electronic records — a significant legal modernisation that enables tokenized securities without requiring traditional paper certificates.
Luxembourg: Europe's Fund Domicile Capital Moves Into Tokenized Finance
Luxembourg's digital asset policy — CSSF regulation, tokenized fund structures, DLT pilot participation, and the Grand Duchy's strategy to extend its dominance in European fund administration into digital assets.