An official from the EU's enforcement department said on Wednesday that the new pilot project allowing securities trading based on distributed ledger technology (DLT) will continue to be retained by the EU. According to a recent study, blockchain technology can save the financial market $100 billion annually by releasing collateral and automating backend processes. Since April, the EU has relaxed financial service rules, allowing securities traders to interact with markets and allowing exchanges to directly register tokens, rather than using regulated intermediaries such as brokers and custodians.