Nasdaq and Others Urge EU to Lift Cap on Tokenization Pilot Program

On September 10, an industry alliance formed by Nasdaq, the Stuttgart Stock Exchange, and other institutions called on the European Union to remove or raise the cap on the scale of the tokenized securities pilot program. They warned that the current limit is too low, as some existing tokenization projects in Europe have already exceeded this threshold. The alliance believes that the low scale limit could hinder the development of the tokenized securities market in Europe and suggested that the EU expand the pilot program to allow market participants to further test blockchain-based securities issuance, trading, and settlement models.

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