According to Bloomberg, 39 institutions, including Nasdaq, the Stuttgart Stock Exchange Group, and industry associations from France, Spain, Italy, and other countries, jointly sent a letter to the European Union, recommending that the distributed ledger technology (DLT) pilot scheme be separated from the “Market Integration and Regulatory Plan” and that the review be expedited. The signatories suggested removing asset class restrictions, raising the transaction size cap to 1500 billion euros, and eliminating license term restrictions, while warning that if the rollout is slow, Europe may fall behind the United States in the tokenized asset sector. Meanwhile, the EU tends to incorporate the relevant rules into a unified overall regulatory plan and advance them consistently.