The EU’s DLT Pilot Regime came into force in March 2023, relaxing certain legislation to support DLT-based securities trading and settlement and allowing direct retail access to investments. It’s taken 19 months, but now the Central Securities Depository Prague (CDCP) is the first to have the official authorization to launch on November 18.
We’re aware of other platforms that are very close behind in the authorization process, so it remains to be seen whether CSD Prague is the first to launch. The Czech National Bank provided the authorization with notification from the European regulator ESMA.
There are three types of authorizations: for exchanges (DLT MTF), for settlement systems (DLT SS) and for platforms that combine both functions (DLT TSS). CSD Prague is a DLT settlement system.
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