Major exchanges urge EU to raise tokenization trial cap

A coalition of major financial exchanges, including Nasdaq and Boerse Stuttgart, has called on the European Union to remove or raise the existing cap within its tokenization pilot program. The group argues that the current limit is too restrictive and hinders the growth of digital asset markets in Europe. The coalition pointed out that several existing European blockchain-based financial projects already surpass the imposed threshold. The appeal highlights growing industry pressure on EU regulators to modernize rules to accommodate expanding tokenization activity.