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EU digital finance institutions urge to expedite the revision of DLT pilot rules.

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PANews
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2 days ago
AI summarizes in 5 seconds.

PANews April 21 news, according to Bloomberg, Boerse Stuttgart Group, Nasdaq, and 39 other institutions have written to the European Commission and the European Parliament, requesting to separate the distributed ledger technology (DLT) pilot mechanism from the "market integration and regulatory framework" for faster independent legislative review. The letter proposes to relax the current DLT pilot system implemented since 2023, including removing restrictions on eligible asset categories, allowing all financial instruments to participate in tokenized trading and settlement, increasing the overall size limit to 150 billion euros, and eliminating licensing term restrictions. The signatories warned that if negotiations are long delayed in a large regulatory package, Europe will fall further behind the United States, which has passed the stablecoin regulatory framework Genius Act, in the field of tokenized assets.

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