According to Bloomberg, 39 institutions, including Nasdaq, the Stuttgart Stock Exchange Group, and industry associations from France, Spain, Italy, and other countries, jointly wrote 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 process be accelerated. The signatories suggested removing asset class restrictions, increasing the transaction size cap to 150 billion euros, and eliminating license duration limits, while warning that if progress is slow, Europe may fall behind the United States in the tokenized asset sector. As for the EU, it tends to incorporate the relevant rules into an overall regulatory plan and advance them uniformly.