ESMA
ESMA: European Securities and Markets Authority — Crypto and Tokenization Oversight
ESMA coordinates MiCA implementation across 27 EU NCAs, operates the CASP public register, publishes binding RTS/ITS, and oversees the DLT Pilot Regime for tokenized securities trading.
EU DLT Pilot Regime: Testing Tokenized Securities Infrastructure
The EU DLT Pilot Regime (Regulation 2022/858, effective March 2023) allows trading venues and CSDs to operate DLT-based securities infrastructure with regulatory exemptions for up to 6 years, testing the viability of on-chain settlement for EU securities.
European Union Tokenization Regulation: MiCA, DLT Pilot Regime, and MiFID II
Comprehensive guide to EU tokenization compliance — MiCA CASP licensing, DLT Pilot Regime, MiFID II for security tokens, ESMA coordination, and passporting rules.
How to Get a MiCA CASP License: The Complete EU Application Guide
Step-by-step MiCA CASP license application guide. Capital requirements, documentation, NCA selection, passporting, timelines, and rejection avoidance for EU tokenization.
MiCA Implementation Timeline: Key Dates and Milestones
Complete MiCA implementation timeline: phased rollout from June 2024 stablecoin rules to December 2024 full CASP authorization, transitional periods to June 2026.
MiCA Implementation Tracker: CASP Licensing Progress Across the EU
Live tracker of MiCA CASP licensing pipelines across EU member states: BaFin, CSSF, AMF, DNB, and CBI application volumes, approvals, and transitional period status.
MiCA One Year On: Has Europe's Crypto Law Delivered?
Assessment of MiCA's first year in force: what worked, what failed, market impact on EU vs. offshore competitiveness, compliance cost reality, and what the next 12 months hold.
MiCA Technical Standards: ESMA RTS and ITS for CASPs
ESMA's MiCA technical standards: three RTS/ITS packages covering CASP authorization, organizational requirements, custody, market abuse, and stablecoin reserve management.
MiFID II: Markets in Financial Instruments Directive and Security Token Classification
MiFID II is the EU's primary investment services framework, applying to firms dealing in transferable securities. Security tokens that are transferable securities fall under MiFID II's scope — requiring authorization as investment firms, compliance with best execution, client categorization, and reporting obligations.