Blockchain and DLT are at the verge of going live in many areas of finance and are starting to become another layer of financial markets infrastructure. But how far will this transformation go under the current legal framework? Do we really need legislative change before we will see DLT go mainstream? In this presentation, Florian Reul will explore payments, security life cycles, crypto assets and identity management in a blockchain based world to find out where blockchain – from a legal perspective - can change the way markets work as of now.