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ARTICLE · 02 JANUARY 2025

Luxembourg Parliament Votes On Blockchain IV Law

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

On 19 December 2024, the Luxembourg Parliament voted on an amendment to the Law of 6 April 2013 on dematerialised securities, as amended (Blockchain IV)...

LuxembourgFinance and Banking
Tiago Nogueira
Tiago Nogueira
Karolina Szpinda
Karolina Szpinda
Koenraad Mertens
Koenraad Mertens

On 19 December 2024, the Luxembourg Parliament voted on an amendment to the Law of 6 April 2013 on dematerialised securities, as amended1 (Blockchain IV) which aims at enabling the financial sector to take advantage of new technologies, while benefiting from enhanced legal certainty.

Blockchain IV is designed to complement the current framework, offering more flexibility, security and transparency for issuers and investors in the issuance, holding and reconciliation of dematerialised securities.

Blockchain IV is the latest in a series of "Blockchain laws" that outline the rules for issuing, holding and circulating securities within or through secured electronic registration mechanisms, including distributed electronic ledgers or databases (hereafter "blockchain"). The prior laws in this series have gradually integrated blockchain into the Luxembourg securities market. The initial Blockchain I allowed for securities accounts to be held, registered and transferred

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