TechFlow reports, according to ledgerinsights, Luxembourg passed its fourth blockchain bill on December 20, expanding the application of DLT in the securities sector. The new law introduces the role of a Control Agent, enabling investors to directly hold securities, and extends the scope of DLT applications from unlisted bonds to unlisted stocks and funds.
As a major fund issuance hub within the EU, Luxembourg’s new legislation allows EU credit institutions, investment firms, or CSDs to serve as Control Agents without requiring a local Luxembourg license—only a two-month prior notification to the regulator CSSF is required.
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