Token companies warn that restrictions on EU distributed ledger technology pilot projects may push the market to the United States According to The Block, multiple tokenization and market infrastructure operators, including Securitize, have jointly sent a letter to EU policy makers warning that the limitations of the EU's existing distributed ledger technology pilot system may push liquidity and market activity to the United States. The signatories include institutions such as 21X, the Central Securities Depository, and the Stuttgart Exchange Group. The letter pointed out that although the EU's Market Integration and Regulation Scheme has established the correct long-term framework, its implementation schedule has postponed key reforms until at least 2030. At the same time, the narrow range of qualified assets, low transaction volume limits (currently between 6-9 billion euros), and six-year license periods in the DLT pilot system have constrained the scale development of already launched products, while the United States is rapidly advancing in on chain market infrastructure. These companies are calling on the EU to "quickly revise" the pilot system through independent technical revisions or small legislative proposals within six months, including expanding the scope of qualified assets, raising the trading volume cap to 100-150 billion euros, and lifting the six-year validity limit of DLT market infrastructure licenses.