Regulation · Permission · European Union · Product or firm authorisation
EU DLT Pilot Regime specific permissions (ESMA list of authorised DLT market infrastructures)New
Specific permissions granted by national authorities under the DLT Pilot Regime, as listed by ESMA in January 2026. Six infrastructures held them: CSD Prague (DLT settlement system, Czech National Bank, 11 Oct 2024), 21X (DLT trading and settlement system, BaFin, 3 Dec 2024), 360X (DLT MTF, BaFin, 29 Apr 2025), Axiology (DLT TSS, Bank of Lithuania, 9 Jul 2025), LISE (DLT TSS, ACPR, 13 Oct 2025) and Securitize Europe Brokerage and Markets (DLT TSS, CNMV, 26 Nov 2025). None has an end date. Each comes with exemptions, mainly from CSDR settlement and account rules.
In force · effective 11 Oct 2024 · part of EU DLT Pilot Regime
Key points
- Each permission lists its exemptions; the trading and settlement systems are mostly exempt from CSDR rules on dematerialised form, securities accounts, settlement fails, account segregation, settlement finality and cash settlement.[1]
- No national authority had set thresholds lower than the regulation's, and no permission had an end date.[1]
Timeline
- 11 Oct 2024 · In forceFirst permission (CSD Prague).[1]
- 26 Nov 2025 · AmendedLatest permission listed (Securitize Europe DLT TSS).[1]
Held by
Deployments operating under it
| Deployment | Status | Assets | Use cases | Last reviewed |
|---|---|---|---|---|
| 21X DLT trading and settlement systemUpdated 28 Oct 2026 21X | Live (limited) | Reviewed 13d ago | ||
| Axiology DLT trading and settlement system (digital bonds)New Axiology | Live (limited) | Reviewed 21d ago | ||
| CSD Prague DLT settlement systemUpdated 7 Nov 2026 Central Securities Depository Prague | Announced | Reviewed 1d ago | ||
| Securitize Europe DLT trading and settlement systemUpdated 14 Oct 2026 Securitize | Announced | Reviewed 1d ago |
Sources
- [1]List of Authorised DLT Market Infrastructures — ESMA, 28 Jan 2026. Accessed 14 Oct 2026.A