Tokenized Securities
DvP Settlement (Delivery versus Payment): Atomic Settlement in Tokenized Markets
Delivery versus Payment (DvP) is the settlement principle requiring simultaneous exchange of securities and cash. DLT enables atomic DvP — settling in a single indivisible transaction — eliminating the counterparty risk inherent in conventional T+2 settlement.
ERC-1400: The Ethereum Security Token Standard
ERC-1400 is an Ethereum token standard for security tokens, extending ERC-20 with transfer restrictions, partitioning, document management, and operator control — enabling compliant on-chain securities while maintaining the programmability of the Ethereum ecosystem.
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.
Institutional Tokenization Adoption: Bank-by-Bank Tracker
Institutional tokenization adoption tracker. BlackRock, JPMorgan, Goldman Sachs, HSBC, UBS, Societe Generale, Deutsche Bank, Standard Chartered, Citi, BNY Mellon — what each has built.
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.
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.
Securitize: The Leading Tokenization Platform for Institutional Securities
Securitize holds SEC transfer agent and broker-dealer registrations, operates the DS Protocol, and administers BlackRock BUIDL at $1.7B+ AUM.
Swiss DLT Act 2021: DLT Trading Facilities and Ledger-Based Securities
Switzerland's DLT Act — effective August 2021 — created the world's first DLT Trading Facility license and introduced ledger-based securities (Registerwertrechte) as a new category of Swiss law securities enforceable on-chain.
Tokeny Solutions and ERC-3643: The European Standard for Tokenized Securities
Tokeny Solutions developed ERC-3643 (T-REX Protocol), the de facto European standard for compliant tokenized securities, serving Societe Generale, Euroclear, and BNP Paribas.