Group of 39 firms urge EU to fast-track DLT rules, warn of lagging the US
Thirty-nine financial firms are urging the EU to accelerate DLT regulation to avoid losing ground to the rapidly advancing United States tokenization market.Summary
A coalition of 39 financial institutions and industry bodies, including Nasdaq and Boerse Stuttgart, has petitioned the European Union to expedite changes to the Distributed Ledger Technology (DLT) Pilot Regime. The group argues that the current legislative process is too slow and risks causing Europe to fall behind the United States, where regulators are already integrating tokenized securities into the existing financial framework.
The signatories are calling for the DLT Pilot Regime to be treated as standalone legislation rather than part of a larger, slower package. Key requested reforms include raising the asset volume cap to 150 billion euros, expanding the range of eligible financial products, and removing restrictive time limits on licenses. The group emphasizes that these adjustments are essential to prevent liquidity and market activity from shifting toward the more permissive US regulatory environment.
(Source：Cointelegraph)