esma

DLT Pilot Regime: ESMA Rethinks Limits, Aims for Permanence

DLT Pilot Regime: ESMA Rethinks Limits, Aims for Permanence

The European Securities and Markets Authority (ESMA) is re-assessing some fundamental pillars of the DLT Pilot Regime. If adopted, this would be a strong indicator that the EU is moving toward a more flexible and welcoming regulatory environment for digital securities. Miles O’Connor, who understands how overdue this move is,...

DLT for All? ESMA's Pilot and the Promise of Financial Inclusion

DLT for All? ESMA's Pilot and the Promise of Financial Inclusion

Now, picture a world where accessing capital isn’t a privilege, but a right. A smallholder farmer in rural Kenya can be instantly approved for a microloan. They have the same access to federal funding as a tech entrepreneur in Silicon Valley. This is not merely some technocratic utopian dream. It’s...

ESMA's DLT Pilot: A Pragmatic Pivot or Regulatory Retreat?

ESMA's DLT Pilot: A Pragmatic Pivot or Regulatory Retreat?

The European Securities and Markets Authority (ESMA) is changing its tune on the DLT Pilot Regime. The original framework, aimed at encouraging innovation in digital securities, has been blown away by market confusion, with industry complaints being the least of them, and justifiably so. Are these proposed amendments an indication...

ESMA Eyes Permanent Status and Threshold Revisions for DLT Pilot Regime

ESMA Eyes Permanent Status and Threshold Revisions for DLT Pilot Regime

The European Securities and Markets Authority (ESMA) is already very much considering making its Digital Ledger Technology (DLT) Pilot Regime a permanent mainstay. They aim to renegotiate the strict thresholds that have prevented its timely adoption. The regulator is closely examining the UK’s Digital Securities Sandbox. This creative and original...