DeLorean's $DMC Token Officially Recognized as Utility Token Under EU MiCA Regulation

Madrid, Spain – DeLorean Labs, the Web3 innovation arm of the iconic DeLorean brand, announced that its $DMC token white paper has been officially accepted by Spain’s National Securities Market Commission (CNMV) and published by the European Securities and Markets Authority (ESMA). This significant development confirms the $DMC token's classification as a utility token under the European Union’s Markets in Crypto-Assets Regulation (MiCA), distinguishing it from financial instruments or securities under MiFID II. This regulatory milestone positions DeLorean as one of the first globally recognized consumer brands to achieve MiCA compliance, setting a precedent for broader expansion across Europe.

The $DMC token's qualification under MiCA's Title II provisions means it operates outside the traditional regulatory perimeter of securities markets, focusing instead on transparency and consumer protection standards inherent in the new crypto-asset framework. This classification is crucial for DeLorean Labs as it aims to build a robust ecosystem for its digital assets. The company stated in its announcement, > "The $DMC token has been reviewed and qualifies as a utility token under MiCA, and does not constitute a financial instrument or security under Directive 2014/65/EU (MiFID II)."

DeLorean Labs, which merges the classic automotive heritage with Web3 innovation, intends for the $DMC token to power new forms of engagement for fans, gamers, and communities within the DeLorean ecosystem. The token serves as a governance and utility asset for an on-chain system designed to facilitate digital purchases, trading, authentication, and tracking of tokenized electric vehicles. The company's FLUX Protocol further supports transparent car reservations and ownership history on the Sui blockchain, enabling access to exclusive products and decentralized ownership.

MiCA, the EU's unified rulebook for crypto-assets, aims to provide legal certainty, protect consumers, and foster innovation across all 27 Member States. For companies like DeLorean, achieving MiCA compliance streamlines cross-border operations and signals adherence to new disclosure and consumer protection standards. Evan Kuhn, President of DeLorean Labs, emphasized the strategic importance, stating, "MiCA compliance is a major foundation for what we’re building as a true utility token with real-world adoption and experiences."

This regulatory achievement follows a landmark year for DeLorean Labs, which included the launch of its Reservation Marketplace and advancements in blockchain partnerships. With MiCA compliance secured, DeLorean Labs is now positioned to accelerate its initiatives across Europe, with plans for significant activations also in the U.S. and Asia. The company continues to integrate its legacy brand deeper into the Web3 ecosystem through strategic collaborations and cultural projects.