See the legal and operational routes for tokenized fund issuance in Luxembourg, from DLT registers to the control-agent model, and who owns the record.
- Luxembourg is positioning itself as a key jurisdiction for tokenized fund issuance, leveraging its large fund industry and established financial infrastructure.
- The article outlines three primary structuring routes for tokenized funds: registered shares with DLT support, dematerialized securities via a settlement organization, and a newer control-agent model.
- While regulatory frameworks like MiCA and the DLT Pilot Regime are relevant, the focus remains on how existing fund administration and securities laws apply to DLT-based records, with practical adoption depending on operational models and scalability.
Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Established hubs, Securities law classification, Tokenization platforms
Tags: #luxembourg #tokenizedfunds #dlt #cssf #registeredshares #dematerializedsecurities #controlagent #franklintempleton #bnpparibas #mica
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