MiFID II
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.
EU Real Estate Tokenization Under MiCA and National Property Law
Compliance guide for EU real estate tokenization covering MiCA scope, MiFID II classification, prospectus requirements, and national property law structures across member states.
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.
MiCA Asset Classification: ARTs, EMTs, Utility Tokens Explained
MiCA asset classification framework: how to distinguish ARTs, EMTs, utility tokens, and other crypto-assets — and what falls outside MiCA under MiFID II.
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.
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.