AFME provides an action plan for European tokenization - 0 views
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John Kiff on 02 Aug 24The Association for Financial Markets in Europe (AFME) published a report on its recommendations for supporting the development of capital markets and increased access to finance through new technologies. It outlines a series of priorities, including tokenization and digital assets, where it calls for loosening legal requirements that require central securities depositories (CSDs) which aren't always necessary for distributed ledger technology (DLT) based settlement platforms. Additionally, AFME would like to see legal clarification relating to the Settlement Finality Directive around probabilistic settlement on public blockchains. https://www.afme.eu/Portals/0/DispatchFeaturedImages/AFME_Digital%20Finance%20in%20the%20EU.pdf