A group of European tokenisation firms has urged the European Union to revise its Distributed Ledger Technology (DLT) Pilot Regime, arguing that current restrictions risk weakening the region’s competitiveness in digital assets.
The initiative was reported by The Block. Signatories include 21X, Boerse Stuttgart Group and Axiology, among others.
Eligibility caps
According to the report, the firms argue that asset eligibility thresholds, market value caps and licensing limits are discouraging participation, including from providers active in the United States.
The letter calls for removing limits on which assets can be tokenised, increasing the cap on the aggregate market value of DLT market infrastructure, and eliminating the six-year duration attached to licences.
Concerns
The signatories warn that without changes, implementation delays could push activity to other jurisdictions, with liquidity moving away from EU capital markets. They describe the proposed adjustments as short-term technical fixes to the existing framework.
