The Spanish Securities Commission (CNMV) has authorised the first Trading and Settlement System (SNL) based on distributed ledger technology (DLT), including approval of its internal operating rules. The system is named SECURITIZE and will be operated by Securitize Europe Brokerage and Markets, S.V., S.A. An SNL is a DLT-based market infrastructure that combines the services of a multilateral trading facility with a securities settlement system. SECURITIZE will allow trading in the financial instruments listed in Article 3(1) of Regulation (EU) 2022/858, including tokenised shares and bonds, and is among the first SNLs authorised to participate in the European Union’s DLT Pilot Regime, which permits temporary exemptions from certain existing regulatory requirements subject to conditions.
Spanish Securities Commission (CNMV) 2025-11-26
Spanish Securities Commission authorises SECURITIZE as its first DLT-based trading and settlement system under the EU DLT Pilot Regime
The Spanish Securities Commission (CNMV) has authorised SECURITIZE, the first Trading and Settlement System (SNL) based on distributed ledger technology (DLT), operated by Securitize Europe Brokerage and Markets, S.V., S.A. This DLT-based market infrastructure combines multilateral trading facility services with a securities settlement system, allowing trading in tokenised shares and bonds under the EU's DLT Pilot Regime.