EU Digital Asset Firms Warn of Losing Blockchain Market Lead to U.S.

Eight digital asset companies regulated by the European Union have issued a warning to European regulators about the potential loss of their early lead in blockchain-based capital markets to the United States. According to Foresight News, these firms argue that the EU's distributed ledger technology pilot regime imposes excessive restrictions, which could result in capital shifting to U.S. markets. Major U.S. trading venues, including the Chicago Mercantile Exchange (CME), New York Stock Exchange (NYSE), and Nasdaq, have already developed tokenized asset plans. The companies involved in this warning are Securitize, 21X, Seturion from the Stuttgart Stock Exchange Group, Central Securities Depository, Lise, OpenBrick, STX, and Axiology. They emphasize the need for the EU to reconsider its regulatory approach to maintain its competitive edge in the rapidly evolving blockchain sector.