ESMA_QA_2926
Topic
CSD questions - Requirements for CSD services (reconciliation measures, asset segregation, settlement finality, participant default rules and procedures)
21/09/2026
Subject Matter
CSDs settlement assets
Question
Under the current CSDR framework, are CSDs allowed to settle in: a) tokenised central bank money, b) tokenised commercial bank money, and c) e-money tokens?
Level 1 Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR