Fund Tokenization
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.
SFC Hong Kong: VASP Licensing and Tokenization Framework
The SFC's mandatory VASP licensing regime (June 2023) and its November 2023 tokenization circular have established Hong Kong as Asia's leading regulated market for tokenized securities and institutional crypto trading.