Why Europe’s T+0 Tokenised Settlement Keeps Stalling at Pilot
The future of T+0 tokenised settlement in Europe remains uncertain as it faces regulatory hurdles, straddling two European rulebooks, according to Taurus co-founder Sebastien Dessimoz. The project has been stuck in the pilot stage, indicating that significant changes are needed for it to transition to practical implementation.
Dessimoz highlights the complexities involved in reconciling differing regulatory frameworks, which continue to impede progress. The ability to harmonize these rules will be crucial for the project's success and for potentially revolutionizing settlement processes in European markets.
Key takeaways
- ▸T+0 tokenised settlement in Europe is currently stalled at the pilot stage.
- ▸Regulatory conflicts between two European frameworks are a primary barrier.
- ▸Taurus co-founder Sebastien Dessimoz emphasizes the need for regulatory harmonization to advance the project.
Why this matters
The stalling of T+0 tokenised settlement presents a challenge for the European financial markets, which are eager for efficiency improvements. Failure to harmonize regulations could slow innovation in the tokenised finance space, potentially leaving European players at a competitive disadvantage against jurisdictions that successfully implement such technologies.
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