EU at risk of falling behind the U.S. in tokenization rules, digital asset firms warn

The EU must fix its pilot regime now or watch capital markets shift permanently to the U.S., a group of blockchain firms warned policymakers on Thursday. What to know : A group of six EU-regulated digital asset firms is warning European regulators that they are at risk of squandering the bloc's early lead in blockchain-based capital markets as the U.S. moves faster on tokenization. The firms say the EU’s distributed ledger technology pilot regime is too restrictive, and could lead to capital migrating to U.S. markets. Key U.S. trading venues like the CME, NYSE and Nasdaq all laid out tokenized asset plans.