EU Finance Groups Urge Brussels to Drop Tokenized Securities Cap

The industry's demand for a 1.5 trillion euro baseline reveals a fundamental disagreement with regulators over how much scale tokenized securities need before safeguards kick in. A cap would effectively determine which institutions can participate and how much issuance capacity the EU can absorb, making this a gatekeeping question rather than a technical one. The open question is whether Brussels treats DLT issuance as an experiment to be bounded or as infrastructure to be scaled — and whether the baseline becomes a floor for negotiation or a ceiling for ambition.