Europe’s securities regulator wants to know whether tokenized collateral is safe enough for central counterparties (CCPs). In a call for evidence published today, the European Securities and Markets Authority (ESMA) set out its starting position. Tokenization earns no special treatment, and tokenized collateral has to be as legally certain and as easy to sell in

The European Securities and Markets Authority is seeking industry input on the legal, operational and liquidity risks of tokenized collateral at EU central counterparties (CCPs). The call for evidence, published on Oct. 9, explores whether using distributed ledger technology changes how eligible assets are moved, protected and realized, and whether existing EU rules remain adequate.

Nearly three decades after dematerialisation reshaped India’s securities market, it is preparing for another infrastructure upgrade. Through ‘ Demat 2.0 ’ , a pilot programme launched by the Securities and Exchange Board of India (‘SEBI’) and the Reserve Bank of India (‘RBI’) at the Global Fintech Fest 2026, corporate bonds can now be issued, held

Analysis The proposed transfer agent modernization is the regulatory enablement layer behind the $15.6B monthly tokenized equity market — and it arrived six weeks after the DTCC's 30-firm pilot. The plumbing of the American financial system is essentially a collection of dusty ledgers that have been digitized but rarely reimagined. For decades, the transfer agent—the