Sei Labs’ Post

🚀 Exciting Update on the Issuance of Tokenized Financial Instruments in Spain! The Spanish Securities Exchange Commission (CNMV) has released a Q&A on financial instruments based on distributed ledger technology (DLT). This document not only summarizes the legal framework under the new Law on Securities Markets and Investment Services but also offers valuable insights from the regulator. Key highlights: 🔹 The CNMV supports using the draft ESMA Guidelines to assess if crypto-assets qualify as financial instruments based on DLT. 🔹 For crypto-assets outside the scope of MiCAR (excluding e-money and asset-referenced tokens), the CNMV advises preparing documentation (white paper and marketing communications) as per Title II of MiCAR, even though it takes effect on December 30, 2024. 🔹 The document clarifies the role of the entity responsible for registration and administration (ERIR) of negotiable securities on DLT and reminds that only certain DLT-based financial instruments can be traded and settled on CNMV-authorized infrastructures per the Pilot Regime Regulation. RocaJunyent #FinTech #DLT #CryptoAssets #Regulation #CNMV #MiCAR #Blockchain #FinancialInstruments

☕☕ Caffeine & Yasuda on Tokenization: It's Monday morning—time to catch up on the "digital transformation of capital" and what lies ahead! 1. Launch of the Frictionless BTC Yielding Money Market Fund 2. Chainlink PoR (Proof of Reserve) and CCIP (Cross Chain Interoperability Protocol) ramps up. 3. Global regulatory moves! Yasuda on Tokenization https://bit.ly/3YgPs48

So we have had #stablecoin regulation in #Japan since mid-2023, the first one has launched, and the field of those starting preparation is getting packed. These announcements are great for publicity, but expect that the actual launch is about nine to twelve months out for players like Nomura/Laser Digital and GMO Internet Group, Inc. who are starting now. ICYMI, here are some previous announcements: 🔹 Japan’s first deposit-type stablecoin “Tochika” has been launched (HOKKOKU FINANCIAL HOLDINGS & Digital Platformer 株式会社): https://lnkd.in/gMZRcVgr 🔹 Sony Bank plans stablecoin proof-of-concept with Polygon Labs and SettleMint: https://lnkd.in/gBjaSRZY 🔹 JPYC.Inc., MUFG Trust Bank, and #Progmat study stablecoin issuance: https://lnkd.in/gZAzv__U 🔹 Mitsubishi UFJ Trust & Banking and Binance explore stablecoin issuance: https://lnkd.in/gHJWKeWS 🔹 Ginco Inc's stablecoin experiment with Mitsubishi UFJ Trust Bank & Progmat: https://lnkd.in/gP5TCUXB 🔹 Joint Study between Deposit-Based and Money Transfer-Based Stablecoins: https://lnkd.in/gfRUiH-B 🔹 Japan’s Regulatory Framework for Crypto-assets and Stablecoins: https://lnkd.in/geXxnKed 👉 Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here: https://lnkd.in/gNjUuSxG

Bitstamp Confirms Changes to Accord With MiCA Regulation James Sullivan, UK Managing Director at Bitstamp said: “We welcome MiCA’s implementation to make crypto regulation uniform across the European Union. As the world’s longest-running cryptocurrency exchange, we have consistently advocated for proportionate response to regulation which protects consumers while allowing for the ongoing maturation of cryptocurrencies as an asset class. Our commitment to compliance and security means we are in a strong position to adapt to these welcome changes. We are communicating directly with the small proportion of our customers whose asset mixes are affected.” https://lnkd.in/ef7p74zg #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

The U.S. Securities and Exchange Commission has notified of potential enforcement action against Uniswap Labs, the main developer behind one of the world's largest #cryptocurrency exchanges, the company said in a blog post on Wednesday. Uniswap is a crypto marketplace for #decentralizedfinance or #DeFi developers, traders and liquidity providers. DeFi is an open network and works on a peer-to-peer system, where transactions are not routed through a centralized system such as a bank or a brokerage. https://lnkd.in/ezmrmPfu

To become established as a legitimate player in the cryptocurrency space, it is vital to take a proactive and risk-based approach to compliance with regulatory guidance and oversight from the SEC and FINRA. This approach will gratify potential clients and regulators alike. 📲 Call us today to schedule a complimentary CryptoConsult to speak with a qualified member of our team who can help determine your unique risk areas and assess where we can provide necessary support to your digital currency program. #CryptocurrencyCompliance #RegulatoryCompliance #SECCompliance #FINRACompliance #CryptoRegulation #ComplianceConsulting #RegulatoryGuidance #FinancialRegulation #RiskManagement #CryptocurrencyAdvisory

The lifecycle of a #tokenizedsecurity 1. In the initial deal structuring stage, crucial decisions need to be made regarding the terms and conditions of the security token. Deal structuring is an integral part of any securities offering, irrespective of the technology employed. Tokenization is not meant to be a way of avoiding compliance with applicable legal and regulatory requirements; rather, the use of technology is intended to fundamentally improve operational processes to enable innovative financial solutions. The stages in the diagram shaded in blue are where technology can bring significant benefits 2. The digitization stage is where information traditionally stored in paper or document form is uploaded to the blockchain and coded in smart contracts, and security tokens are issued. 3. Primary distribution is the process where tokens are distributed to investors in exchange for investment capital, and the investors’ information is recorded on the digital ROM. 4. Post-tokenization management involves corporate action management processes including dividend distribution and shareholder voting, many of which can be automated by smart contracts coded on the token. Post-tokenization management will continue throughout the life of the token until maturity or redemption. 5. The final stage, and where the value of tokenization in enhancing liquidity is realized, is secondary trading. This is where a token holder can trade tokens with another investor in an over-the-counter arrangement or on an exchange. #tokenization #realworldassets #blockchaintechnology #dlt Blocktech Brew