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A coalition of European finance and tokenization groups has asked EU lawmakers to eliminate a proposed 100 billion euro cap on assets admitted to distributed ledger technology (DLT) infrastructure, or to raise any remaining ceiling to at least 500 billion euros. The draft letter, dated Sept. 7 and sent to EU Council members and the European Parliament’s Economic and Monetary Affairs Committee, was signed by firms including Nasdaq, Boerse Stuttgart Group, Securitize, the European Ethereum Institute and Axiology.
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