Latest News

Tokenized assets, depending on their specific characteristics and the rights they encapsulate, may or may not fall under the scope of MiCA. The key factor determining whether a tokenized asset is covered by MiCA or existing financial regulations such as the Markets in Financial Instruments Directive (MiFID) lies in the classification of the asset itself.

The Guidelines are a comprehensive document from the European Securities and Markets Authority (ESMA) outlining the guidelines for the transfer of data between Trade Repositories (TRs) under the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions Regulation (SFTR). The guidelines are designed to establish consistent, efficient, and effective supervisory practices within the European System of Financial Supervision (ESFS) and to ensure the common, uniform, and consistent application of Union law.

The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has released recent information about the Digital Operational Resilience Act (DORA).

A short answer is that non-fungible tokens (NFTs) can be considered a form of tokenized assets.
More in detail, NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They represent digital or real-world items, such as artwork and real estate, by "tokenizing" these tangible assets, which means converting the rights to the asset into a digital token on a blockchain.