Investment Firm
Lens 7 · Encyclopedia
MiFID II and Tokenized Securities
Tokenized securities that qualify as MiFID II financial instruments are regulated under MiFID II — not MiCA — requiring investment firm authorisation, best execution, and transparency compliance.
Encyclopedia
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.