BLOCKCHAIN TECHNOLOGY- TOWARDS A NEW REGULATORY FRAMEWORK FOR TOKENIZED SECURITIES

【Author】 Culinovic-Herc, Edita; Zubovic, Antonya; Ruk, Morana Derencinovic

【Source】ZBORNIK PRAVNOG FAKULTETA SVEUCILISTA U RIJECI

【影响因子】0.000

【Abstract】Blockchain technology, as a representative of distributed ledger technology is particularly suitable for storing and managing databases, including those relating to intangible securities, which are kept at the central depository of intangible securities. The paper first presents components of legal regulation of intangible securities in Croatian law according to the Capital Market Act and its respective bye-laws. The peculiarities of blockchain technology as well as regulatory challenges and approaches for tokenized securities are then elaborated. Following the analysis of legal characteristics of tokenised securities and their comparison with the notion of transferable securities as defined in EU capital market law, in conclusion authors propose a regulatory approach for tokenized securities in Croatian law.

【Keywords】blockchain; distributed ledger technology; intangible securities; Capital Markets Act; tokenized securities; EU law

【发表时间】2021 SEP

【收录时间】2022-01-20

【文献类型】期刊

【主题类别】

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