Nasdaq and Boerse Stuttgart urge EU to raise or remove tokenized securities caps

Nasdaq (Nasdaq), Boerse Stuttgart (Boerse Stuttgart), and other industry organizations have sent a joint letter to EU legislative bodies, requesting the removal of market capitalization caps for tokenized securities under the DLT Pilot Regime. Alternatively, they propose raising the proposed 100 billion euro limit to 1.5 trillion euros. The signatories, including Adan (Adan), the Crypto Council for Innovation, and the European Ethereum Institute, argue that the current proposal is too restrictive, as existing projects have already reached 350 billion euros. They also oppose discriminatory caps that favor traditional Central Securities Depositories (CSD) over blockchain-based platforms, warning that overly conservative regulations could cause Europe to lose its competitive edge to the U.S. market.