ESMA_QA_2924
21/09/2026
Subject Matter
DLT and book-entry form definition
Original question
Article 3 of CSDR refers to the requirement for transferable securities to be recorded in book-entry form. Does the use of distributed ledger technology (DLT) meet the definition of book-entry form? More broadly, can CSDs use DLT to provide CSD services under CSDR?
Status: Question Published
Additional Information
Level 1 Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Additional Legal Reference
Article 3
Topic
General questions - Book-entry form