Current outcome
European finance and tokenization groups led by Nasdaq and Boerse Stuttgart sent a Sept 7 letter to EU lawmakers urging removal or a substantial increase of the proposed €100 billion cap on tokenized securities, proposing at least €500 billion as a baseline if a cap is retained.
Progress timeline
2 material updates- #01
Nasdaq, Boerse Stuttgart, others ask EU to remove or increase cap in tokenization trial
Nasdaq, Boerse Stuttgart, and other financial firms are urging EU regulators to remove or raise the volume caps in the bloc's tokenization pilot program, arguing the limits hinder scaling of DLT-based securities trading.
Source evidence: CoinDesk
- #02
EU finance groups push to remove tokenized securities cap
European finance and tokenization groups including Nasdaq and Boerse Stuttgart sent a draft letter dated Sept 7 to EU Council members and the European Parliament's ECON committee, urging removal of the proposed €100 billion cap on tokenized securities or raising it to at least €500 billion as a baseline; the letter cites existing European projects already at €350 billion scale and contrasts the US where a dominant settlement platform tokenizes assets without volume caps.
State after update: European finance and tokenization groups led by Nasdaq and Boerse Stuttgart sent a Sept 7 letter to EU lawmakers urging removal or a substantial increase of the proposed €100 billion cap on tokenized securities, proposing at least €500 billion as a baseline if a cap is retained.
Source evidence: Cointelegraph