🇪🇺HUGE: The EU's proposed €100 BILLION cap on tokenized securities is facing pushback from Nasdaq's €1.5 TRILLION counter.
Nasdaq and 27 other firms have written to the EU Council arguing the proposed limit would constrain growth before it starts.
European tokenization projects already exceed €350 BILLION, more than 3x the proposed cap.
The EU's current limit sits at just €6 BILLION.