Luxembourg:
Luxembourg Law Recognises Issuance Of Dematerialised Securities In Blockchains
20 May 2021
ELVINGER HOSS PRUSSEN, société anonyme
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On 21 January 2021, the Luxembourg Parliament adopted the Law of
22 January 2021 modifying the Law of 5 April 1993 on the financial
sector and the Law of 6 April 2013 on dematerialised securities
("Law of 2021").
The Law of 2021 aims at modernising the existing legal framework
for dematerialised securities, by expressly recognising the
possibility to issue dematerialised securities through distributed
ledger technology such as blockchains.
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