A group of 39 financial and technology firms has urged the European Union (EU) to fast-track regulations governing distributed ledger technology (DLT) to avoid falling behind the U.S. in the digital finance sector. In a joint letter, prominent companies like Nasdaq and Boerse Stuttgart Group requested that the EU separate the DLT pilot regime from a larger legislative package of 18 financial laws currently under review. They argue that this separation would facilitate quicker updates and enable the development of real markets rather than limited trials. The DLT pilot, which has been operational since 2023, allows firms to experiment with trading and settling tokenized assets, such as shares and bonds, using blockchain technology. The coalition is advocating for significant changes, including raising DLT transaction limits to €150 billion (approximately $176 billion) and eliminating expiry dates on licenses. However, the European Commission has indicated a preference for passing the entire legislative package together as part of a broader initiative to mobilize savings into investments.