The EU will continue the pilot program for securities trading using distributed ledger technology

ChainCatcher news, an EU official stated that the EU will continue to advance the pilot program for securities trading based on Distributed Ledger Technology (DLT). This program, which started in April, relaxes financial service regulations, allowing securities traders to interact directly with the market without relying on regulated intermediaries such as brokers and custodians.

This pilot program is one of the blockchain technology experiments conducted by the EU alongside other global jurisdictions, with the potential to save up to $100 billion annually for financial markets by releasing collateral and automating back-office processes. Meanwhile, the UK also plans to promote innovation with a five-year DLT securities trial project.