Axiology provided the European Commission with recommendations addressing issues and opportunities related to implementing DLT-based infrastructure and services within the European Union.
The proposals focus on removing barriers to innovation while ensuring trust and transparency in the digital finance sector. Axiology emphasised the importance of establishing consistent rules across the EU to ensure that new technologies, such as e-money tokens and tokenised assets, benefit both businesses and consumers.
“A harmonised approach to DLT is essential not only for the financial industry but also for Europe’s position as a global innovation leader. The lack of licensed entities under the DLT pilot regime remains an urgent issue, as delays in issuing licences create uncertainty for investors and hinder market growth,” said Marius Jurgilas, CEO of Axiology. “In this regard, Europe could adopt practices from the U.S. Securities and Exchange Commission (SEC), where FinTech-friendly individuals have assumed regulatory control to support the industry’s development.”
To support this vision, Axiology proposed specific actions, including faster licensing processes for new entrants. The current pace of market access raises significant concerns and stifles innovation in EU capital markets. By adopting Axiology's proposed phased implementation approach, the European Commission could foster trust under conditions controlled by supervisory authorities, thereby effectively reducing market entry barriers and accelerating the implementation process.
Axiology also offered additional recommendations to positively impact DLT infrastructure and service deployment in the EU. One key suggestion was providing greater clarity on the practical application of initiatives like the digital euro, which could accelerate adoption and build public trust.
Furthermore, Axiology highlighted the importance of aligning the DLT pilot regime with national digital asset frameworks, such as Luxembourg’s Blockchain Bill IV and Germany’s eWpG. By promoting collaboration and integrating these systems, the EU can create a cohesive regulatory environment that supports innovation and manages risks. The startup also emphasised the need for a stakeholder group to address shared concerns and develop best practices to ensure sustainable sector growth.
About Axiology:
Axiology is a Lithuania-based provider of capital market infrastructure, specialising in optimising and developing securities infrastructure based on distributed ledger technology (DLT). The company focuses on fixed-income instruments, developing trading and settlement systems powered by DLT. Its innovative solutions bridge traditional and tokenised financial infrastructures, enabling seamless integration into the evolving digital economy.