ESMA seeks feedback on tokenized collateral at EU clearing houses
Photo: Crypto Briefing
The regulator's review follows increasing institutional activity in tokenization, such as the ECB's Pontes project to link DLT platforms with TARGET services. The European Securities and Markets Authority is seeking industry input on the legal, operational and liquidity risks of tokenized collateral at EU central counterparties (CCPs). The call for evidence, published on Oct. 9, explores whether using distributed ledger technology changes how eligible assets are moved, protected and realized, and whether existing EU rules remain adequate.
Source: Crypto Briefing
