A joint letter to the European Commission and European Parliament calls for a separate review of the DLT pilot (distributed ledger technology testing framework), a €150 billion cap and broader tokenized trading rules.
Boerse Stuttgart Group, Nasdaq and 39 other institutions urged the European Commission and European Parliament to split out reform of the DLT pilot (distributed ledger technology testing framework) for a faster review. The signatories proposed raising the cap to €150 billion, expanding tokenized trading and settlement to all financial instruments, and removing limits on license duration. They warned that Europe risks falling behind the United States in tokenized assets if the framework is not updated more quickly.