Paris, April 30, 2024 France FinTech (FFT), the association which brings together and represents innovative finance entrepreneurs, announces the integration into its community of Insurtech France, the association of insurtech players. Since 2015, France FinTech has been focusing...
[Julhiet Sterwen x France FinTech] Financial markets: how will the MiCA regulation and the DLT pilot scheme pave the way for new innovations?
The DLT pilot scheme, which arrives in 2023, and MiCA, planned for 2025, will enable the use of blockchain technology in institutional market activities. This authorization will open the door to new innovations: creation of new services, but also implementation of new models, both operational and business, at established financial institutions.
It will also give new players the opportunity to emerge faster and stronger.
• What will be the target market infrastructure? What form will the new value chain take? Who will be the new entities involved in this value chain? What will their roles be? What new uses will emerge?
• What are the most relevant products for processing on the blockchain via smart contracts (bonds, shares, structured products, derivatives, etc.)? What future for the tokenized assets already established?
• Which settlement asset will be used to settle transactions on the blockchain? The DLT pilot scheme is planned for 2023, while the e-Euro for 2025, which technologies/assets could be candidates to address this issue now?