European Finance Groups Urge Removal of 100 Billion Euro Tokenized Securities Cap
A coalition of trading and fintech firms, including Nasdaq, argues a proposed 100 billion euro ceiling on tokenized financial instruments is insufficient given existing project scales.
Financial organizations in Europe have requested lawmakers eliminate or significantly raise a limit on tokenized securities. A draft letter dated September 7, sent to EU Council members and the European Parliament's Economic and Monetary Affairs Committee, called for removing a proposed cap of 100 billion euro or increasing it to at least 500 billion euro. Signatories included Nasdaq, the Boerse Stuttgart Group, Securitize, the European Ethereum Institute, and Axiology. The groups noted that some current European projects already manage over 350 billion euro in volume, suggesting the proposed ceiling hinders growth. They contrasted these limits with US regulations, where a dominant settlement platform can tokenize assets without volume caps covering as much as 150 trillion euro in assets. Meanwhile, the European Commission plans to raise the current 6 billion euro limit under its Market Integration and Supervision Package to up to 100 billion euro. Existing groups argue this new threshold remains inadequate for the scale of activity already taking place.
