Tokenised funds: CSSF confirms that a control agent does not replace the registrar
Inhalt
On 2 October 2026, the CSSF published its first FAQ on tokenisation. The FAQ confirms that Luxembourg undertakings for collective investment (UCIs) may issue units or shares natively on distributed ledger technology (DLT), in either registered or dematerialised form. In particular, it clarifies how the control agent, a role introduced by Blockchain Law IV, relates to the UCI administrator (UCIA) in charge of the registrar function.
