MiFID Market Infrastructure

Definition ∞ MiFID Market Infrastructure refers to the operational and technological systems that facilitate trading, clearing, and settlement of financial instruments under the European Union’s Markets in Financial Instruments Directive. This framework governs venues such as regulated markets, multilateral trading facilities, and organized trading facilities. It establishes rules for transparency, investor protection, and orderly market conduct. The directive aims to harmonize financial markets across the EU.
Context ∞ The relevance of MiFID Market Infrastructure to digital assets lies in how existing regulations will apply to or be adapted for tokenized securities and other blockchain-based financial products. Debates address whether current infrastructure can accommodate the unique characteristics of digital assets or if new, specialized frameworks are required. Future regulatory updates, such as MiCA, aim to provide clearer guidelines for integrating digital assets into European financial market structures.