European tokenization companies call for changes to the DLT pilot scheme, warning that on-chain markets may flow to the United States

Odaily Planet Daily reports that several European tokenization and market infrastructure companies have jointly written to EU legislators, urging for a prompt revision of the EU’s DLT Pilot Regime. Securitize, 21X, Boerse Stuttgart Group, and others pointed out that the current scope of assets, issuance size limits, and six-year license restrictions have hindered the expansion of regulated on-chain markets. Relevant organizations believe that if the adjustments are delayed, global liquidity could permanently migrate following the United States’ progress in tokenized securities and near real-time settlement. The proposal is not about relaxing regulations but rather expanding the eligible asset scope, increasing limits, and removing term restrictions through technical “fast-track” revisions to maintain Europe’s competitiveness in capital markets. (Cointelegraph)