They are urging lawmakers to remove the cap or raise it to €500 billion. The letter was signed by Nasdaq, Börse Stuttgart Group, Securitize, and other financial and crypto companies. They argue that the scale of some European projects has already reached €350 billion, with further growth projected.
In addition, there are no such restrictions in the United States. According to the companies’ estimates, tokenized assets could encompass assets worth up to €150 trillion. However, the European Securities and Markets Authority’s stance remains a restraining factor. ESMA fears the transfer of cryptoasset risks to traditional finance.