A coalition of 39 influential companies, including Nasdaq, has issued an urgent appeal to European regulators to accelerate distributed ledger technology (DLT) regulations. The group warns that without swift action, Europe risks falling behind the United States in the rapidly evolving tokenized finance sector, potentially losing its competitive edge in blockchain innovation.

The coalition's call comes as financial markets worldwide embrace tokenization. With the US advancing digital asset guidelines, Europe's regulatory uncertainty may drive innovation across the Atlantic. The group believes that implementing comprehensive DLT pilot programs quickly would demonstrate Europe's commitment to technological advancement while ensuring appropriate safeguards for this transformative financial infrastructure.