Nasdaq, the Stuttgart Stock Exchange Group, and 37 other institutions have urged the EU to expedite the review of the Distributed Ledger Technology (DLT) pilot regime. In a joint letter, they recommend removing asset class restrictions, raising the transaction cap to €150 billion, and eliminating permit duration limits. The signatories warn that slow progress could see Europe fall behind the US in tokenized assets. However, the EU prefers integrating these rules into a comprehensive regulatory framework.