Nasdaq and industry groups urge EU to lift or raise tokenization caps

A coalition of European financial and crypto industry organizations, including Nasdaq, Boerse Stuttgart, Adan, and the Crypto Council for Innovation, has written to the EU Council and European Parliament. They are calling for the removal of size caps on tokenized securities platforms or an increase to at least 1.5 trillion euros, arguing that the European Commission's proposed 100 billion euro limit would stifle industry growth.