Exchanges urge EU to raise cap in tokenization pilot

Nasdaq, Boerse Stuttgart and other market infrastructure players are asking the EU to remove or raise the cap in its blockchain pilot regime for trading tokenized securities. The coalition argues the current limit is too low, with some existing European projects already exceeding it.

• The present cap constrains how much DLT-based trading volume can flow through the pilot.
• Industry participants want more headroom to scale tokenized securities issuance and trading in Europe.