Blockchain Law
Liechtenstein Token Act (TVTG): The World's First Comprehensive Token Law
Liechtenstein's Tokens and Trustworthy Technology Service Providers Act (TVTG) — in force January 2020 — was the world's first comprehensive law governing tokens and blockchain, covering token rights, TT service provider licensing, and all property represented on DLT.
Luxembourg Blockchain Law: DLT Securities Settlement and Fund Tokenization
Luxembourg's blockchain legislation — the 2019 Blockchain Law I and 2021 Blockchain Law II — enabled DLT-based settlement for securities and fund unit registration. Luxembourg is the EU's leading fund domicile and its blockchain laws enable tokenized UCITS and AIF structures.