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Security interests in digital assets under uniform law

25 October 2025 / Author(s): Spyridon V Bazinas
Issue: November 2025 / Categories: Feature

This article discusses the treatment of security interests in digital assets under uniform law and highlights the lack of a harmonised international legal framework for their use as security for credit. Digital assets inherently transcend national borders, and the absence of a unified regime creates obstacles to their cross-border use, hindering international trade. While various uniform law texts address aspects of security interests in digital assets, they fail to provide comprehensive global unification due to differences in scope, terminology and operative rules. The UNCITRAL Model Law on Secured Transactions (STML) offers a general framework for security interests in movable assets, but it requires updates to address specific issues related to digital assets. The article emphasises the importance of updating the STML to remove barriers to the use of digital assets as security for credit and to facilitate international trade.

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