Cointelegraph
EU finance groups push to remove tokenized securities cap
European finance and tokenization groups say Brussels should remove limits on assets admitted to DLT infrastructure or set a 1.5 trillion euro baseline if a cap remains. A coalition of European financial and tokenization groups has urged EU lawmakers to remove a proposed 100 billion euro cap ($116.3 billion) on tokenized financial instruments or raise it to at least 500 billion euro.The draft…
European finance and tokenization groups say Brussels should remove limits on assets admitted to DLT infrastructure or set a 1.5 trillion euro baseline if a cap remains. A coalition of European financial and tokenization groups has urged EU lawmakers to remove a proposed 100 billion euro cap ($116.3 billion) on tokenized financial instruments or raise it to at least 500 billion euro.
The draft letter, dated Sept. 7 and addressed to EU Council members and the European Parliament’s Economic and Monetary Affairs Committee, said the 500 billion euro threshold should serve as a baseline if lawmakers decide to retain a cap.
Among the groups signing the letter were Nasdaq, Boerse Stuttgart Group, Securitize, the European Ethereum Institute and Axiology.
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