The Pilot Regime will start on March 23, 2023

On June 2, 2022, Regulation (UE) 2002/858, known as the "Pilot Regime", was published in the Official Journal of the European Union, which establishes requirements for new market infrastructures based on the distributed ledger technology.

The Pilot Regime will officially start on March 23, 2023, and will last at least 3 years with the possibility of being renewed for another 3 years. At the end of this period, the European Commission will decide either to perpetuate the regulation, if necessary, with modifications, or to abandon it with an obligation for the tokenized securities to switch back to traditional market infrastructures.