Benjamin Camps ยท Notes https://benjamin-camps.com/en/notes/ Occasional notes on product in regulated finance. Every regulatory statement is dated: this is material that expires. en The Livret A rises to 1.7%. A chance to look at where a yield really comes from https://benjamin-camps.com/en/notes/livret-a-1-7-rendement-epargne-crypto-defi/ https://benjamin-camps.com/en/notes/livret-a-1-7-rendement-epargne-crypto-defi/ Wed, 01 Jul 2026 00:00:00 +0000 The Livret A rate rises to 1.7% on 1 August 2026. This state-guaranteed figure says something essential, by contrast, about the yields advertised by crypto and DeFi savings, and about what an honest product sheet should show. A tokenized security is not a crypto-asset (under MiCA) https://benjamin-camps.com/en/notes/titre-tokenise-mica/ https://benjamin-camps.com/en/notes/titre-tokenise-mica/ Wed, 01 Jul 2026 00:00:00 +0000 Do you need a MiCA licence to tokenize shares? No. The first question of any tokenization product is legal, not technical: is the asset a financial instrument? The answer decides the applicable text, the regulator, and everything downstream.