Published on the 31st of January 2025 As a national competent authority, the Banque de France, alongside the Autorité de contrôle prudentielet de résolution (ACPR – Prudential Supervision and Resolution Authority) and the Autorité des marchés financiers (AMF – Financial Markets Authority), depending on the entities concerned, is tasked with the oversight of France’s financial
Kirsty Rutter, the Fintech Investment Director at Lloyds Banking Group, highlights the key trends expected to shape the fast-evolving fintech industry in 2025. Despite various challenges, the UK fintech sector has demonstrated resilience and innovation, Rutter noted in a blog post. Kirsty Rutter from Lloyds Banking Group said that several trends are anticipated to dominate
ABN AMRO is partnering with 21X, which is the first combined trading venue and securities settlement infrastructure to be authorized under the EU’s DLT Pilot Regime. The Dutch bank executed a joint proof of concept for tokenized securities by making a trade on the platform using the Polygon test network. ABN AMRO used its own
The Blockchain IV Act modernizes Luxembourg’s financial landscape by utilizing distributed ledger technology for securities management. Securities will shift from physical certificates to electronic records, streamlining transactions and enhancing security. The Control Agent Model replaces traditional central account keepers, allowing for multiple custodians and increased transparency. By prioritizing investor protection and innovation, Luxembourg aims to
Luxembourg has taken a significant step toward modernizing its financial sector with the enactment of the law of 20 December 2024, commonly referred to as the Blockchain IV Act. The legislation introduces amendments to the existing legal framework for dematerialized securities, aiming to enhance efficiency and legal security through the integration of distributed ledger technology
KPMG in India, a leading professional services firm, and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and technology company operating exclusively within the Hedera ecosystem, today announced a strategic alliance, aimed at accelerating the impact and enterprise adoption of blockchain and Distributed Ledger Technologies (DLT) across industry sectors, leveraging Hedera’s platform capabilities
Luxembourg Modernises the Custody Chain to Accommodate Blockchain Technology Wednesday, January 29, 2025 On 31 December 2024, the Luxembourg law of 20 December 2024 amending the existing legislative framework on dematerialised securities (Blockchain IV Act) entered into force. As background, dematerialization of securities occurs with the move from physical stock certificates to electronic bookkeeping. When
The Emirates Securities and Commodities Authority (the SCA) has published draft regulations on security and commodity tokens (the Draft Regulations). The Draft Regulations provide some degree of clarity on the regulation of security and commodity tokens in “onshore” UAE. The SCA had indicated that it may move to regulate security and commodity tokens when it
Texture Capital is launching a node on the Canton Network for institutional assets. One of Texture’s subsidiaries holds a U.S. license as an alternative trading system (ATS), which means it can support the secondary trading of digital assets on the Canton Network, a public permissoned network. The ATS will go live in Q1 of this
The London Bullion Market Association (LBMA) has gone live with its Gold Bar Integrity (GBI) Database. It standardizes and centralizes data related to the responsible sourcing of the gold, and the country of origin of gold held in London vaults, but the ownership data remains with custodians. The solution uses the Axedras Bullion Integrity Ledger
