The Seqlense Regulatory Brief - Crypto & TradFi - Edition #22 (English)
The Seqlense Regulatory Brief - Crypto & TradFi - Edition #22 (English) Edition #22 covers two parallel European workstreams shaping the tokenised market. The European Commission's targeted consultation on the review of MiCA (open until 30 September 2026) explores extending the perimeter to DeFi, staking, lending and NFTs, clarifying the boundary with MiFID II, and strengthening CASP obligations (appropriateness test, periodic reporting), feeding into the application report due by 30 June 2027. In parallel, the ECB unveiled its tokenisation strategy on 26 August 2026: Pontes, enabling DvP settlement in central bank money on DLT from Q3 2026, and Appia, a blueprint for the long-term architecture expected in 2028. Both workstreams converge on the same missing piece: the legal status of tokens (ownership, transfer, settlement finality, insolvency).
About the author
Cécile Henry
Regulatory and compliance expert at Seqlense. Cécile authors every Seqlense Note — bringing hands-on experience and a pragmatic approach to regulatory analysis, with a focus on real operational impact rather than abstract theory. Her work covers French, Luxembourg and Belgian regulators, EU frameworks (MiCA, DORA, AML), and the operational reality of compliance in financial services and crypto.
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