EU digital asset regulation: what changed in June 2025
2 recorded developments, each dated with a named source. This page is the permanent record for June 2025; the tracker carries the current position.
ESMA’s Article 14 report records the authorised infrastructures and states that the limited number of operational DLT market infrastructures and the recency of the first authorisations mean its considerations are early and high-level.
Source: ESMA, report on the functioning and review of the DLT Pilot Regime under Article 14, June 2025.
The guide sets out the register-keeping models in use for tokenised funds, including registers maintained by the asset manager, by a depositary or distributor, or by a specialised authorised entity, and the direct versus intermediated holding models for investors.
Source: EFAMA, "Tokenisation: A Buy-Side Practitioner’s Guide", June 2025.
This page is for informational purposes only. Nothing in it is an offer to sell, or a solicitation of an offer to buy, any security, and nothing here is investment, legal, tax, or financial advice. Regulatory authorisations are described as of the date stated; pending authorisations are not effective until granted.