A bill to boost blockchain technology in the grand duchy’s funds sector is in the works, Luxembourg’s finance minister has told asset management professionals.
The government will submit legislation to parliament “in the coming months” designed to make Luxembourg a competitive market for the use of blockchain technologies in the financial sector, (CSV) stated at an industry event in Kirchberg.
The legislation will address the rules around the digitalisation of assets and tokenisation, technologies which will “change how funds are sold and distributed,” Roth said.
Roth was speaking at the Cross-Border Distribution Conference,…
