Original sourceStobox Research
Summary
On October 9, 2026, the EU Council completed its position on the market integration and supervision package, advocating to expand the DLT pilot from a temporary sandbox into a longer-term, scalable regulated channel covering more financial activities and instruments. It would also narrow ESMA's dir…
Key points
- It lays out the compliance path and supervisory authority for tokenized securities over the coming years, a structural change issuers must understand when assessing cross-border expansion.
- Centralizing supervision in ESMA and expanding the DLT pilot could reduce fragmentation costs for cross-border operations, but also raises centralized supervision requirements for core infrastructure.
- Firms planning to issue or trade tokenized securities in the EU should track parliamentary negotiations and final instrument thresholds, and assess the pan-EU license and two-year transition arrangements in advance.
Editorial note
This page is Code & Chain's editorial summary of public sources. It may be prepared with AI assistance and published through an automated workflow. Refer to the original sources; this content is not investment, legal, or tax advice.