NSSMC and World Bank held a meeting: securitization, virtual assets, and municipal bonds

Chairman of the NSSMC, Oleksii Semeniuk, and Commissioner Maksym Libanov held a meeting with representatives of the World Bank. During the meeting, the sides discussed key areas of capital market reforms and the NSSMC’s plans for 2026–2027.

This was reported by Chairman of the NSSMC, Oleksii Semeniuk, on his Telegram channel.

The discussion focused on regulating the virtual asset market and further steps to establish clear and understandable rules, as well as the division of powers between the NSSMC and the National Bank of Ukraine in this area.

The sides also discussed a law on securitization.

“Our objective is to adopt it this year already and ensure the full launch of mechanisms, including SPVs, the issuance of SPV asset-backed securities, and the payment of income to investors from cash flows generated by these assets,” said Oleksiy Semenyuk.

At the meeting, participants also discussed the development of the municipal bond market as a tool for raising funds for local infrastructure development. As regards joint investment institutions, emphasis was placed on attracting institutional investors and building long-term resources for the economy.

The Chairman noted that the World Bank had expressed its readiness to participate in the implementation of key capital market reforms, in particular through financial and organizational support. The sides agreed to continue cooperation in the identified areas.