The exploration involves determining “if, how and under what criteria” assets issued using DLT, not present in eligible securities settlement systems, could eventually qualify as Eurosystem collateral. A phased approach is proposed, allowing DLT-based asset subsets to be progressively accepted as market conditions and legal and regulatory frameworks evolve.
The review will examine developments in EU financial law, including the CSD Regulation, the DLT Pilot Regime, Market in Crypto Assets Regulation, and national securities laws, as mentioned by the ECB.
“These decisions demonstrate the Eurosystem’s ongoing dedication to fostering innovation and technological advancement, thus improving market efficiency and contributing to the integration of European capital markets,” the statement said.












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