The Spanish Securities Commission (CNMV) has authorized Bit2MeSTX, a trading and settlement infrastructure based on distributed ledger technology (DLT), together with its internal operating rules. Bit2Me Security Tokens Exchange STX, S.A. will operate the infrastructure, which will support trading in shares and bonds represented using DLT. Bit2MeSTX combines the services of a multilateral trading facility and a securities settlement system. The EU pilot regime provides a framework for testing DLT market infrastructures and assessing the technology’s safety and effectiveness in trading and settlement. Participating infrastructures may request temporary exemptions from certain regulatory requirements, subject to specified conditions.
Spanish Securities Commission authorizes Bit2MeSTX for trading and settlement using distributed ledger technology
The Spanish Securities Commission has approved Bit2MeSTX and its operating rules for combined trading and settlement using distributed ledger technology. Bit2Me Security Tokens Exchange STX, S.A. will run the infrastructure, which will support trading in shares and bonds represented using the technology.