Group of 39 firms urge EU to fast-track DLT rules, warn of lagging the US

A 39-member coalition including Nasdaq urged the EU to fast-track DLT pilot changes, warning Europe could lose ground to the US in tokenized finance.

A group of European financial companies and industry bodies have urged European Union officials and lawmakers to fast-track changes to blockchain rules, warning the region risks falling behind the US in tokenized finance.

In a joint letter on Tuesday, 39 signatories, including Nasdaq and Boerse Stuttgart, called on the European Commission and Parliament to carve out the DLT Pilot Regime from a broader legislative package and review it as a standalone law, according to a copy of the letter shared by crypto association Adan.

The group argued that folding the regime into the wider Market Integration and Supervision Package could delay reforms needed to keep pace with global developments. “Negotiations are likely to be lengthy,” the letter, addressed to Financial Services Commissioner Maria Luis Albuquerque, said, adding that delays “risk dampening Europe’s momentum in DLT adoption.”

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