The issuance by the Luxembourg government of a €1.7 billion bond on to a permissioned blockchain is less exciting than it appears. Most of the traditional paraphernalia of securities issuance, distribution, settlement and servicing is preserved. The scale of bond market activity on blockchains remains trivial by comparison with the size of the traditional markets.

A group of digital asset exchanges and one CSD have warned European institutions their blockchain reforms are too slow to compete with the US With reforms not scheduled for implementation until 2030, the group suggests a mini package of liberalising measures within the DLT Pilot Regime sandbox now The proposed “quick fix” reforms will allow DLT Pilot Regime licence holders to tokenise any asset and grow faster for longer before being fully regulated A group of digital asset e