Europe's Tokenization Push: France FinTech Demands Bigger DLT Pilot Regime

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France FinTech and a coalition of European finance players are pushing EU lawmakers to raise the DLT Pilot Regime cap from $6.4B to $107B. But is that enough to compete globally?

France FinTech just joined forces with a coalition of traditional finance players and tokenized asset firms to send a clear message to European lawmakers: the current DLT Pilot Regime (DLTPR) needs a serious upgrade. They're pushing for changes under the Market Integration and Supervision Package (MISP). And honestly? They have a point. ### The Problem with the Current Cap The European Commission has proposed raising the cap on financial instruments that can trade on DLT infrastructure from €6 billion to €100 billion (that's roughly $6.4 billion to $107 billion). Sounds impressive, right? But here's the thing—it's still not enough. Not even close. When you look at the sheer size of global capital markets and how fast tokenization is moving everywhere else, that $107 billion ceiling feels like trying to fit an ocean into a bathtub. The coalition argues that this cap will hold back European DLT infrastructure from reaching real market scale. ### What They're Actually Asking For The coalition has three main recommendations for EU co-legislators: - **Remove the global cap entirely** – or at least set it high enough that European DLT infrastructure can actually grow and compete. - **Create a flexible adjustment mechanism** – so the European Commission can update these thresholds as the market evolves. Because let's face it, technology moves faster than legislation. - **Ensure fair rules across all infrastructures** – no tiered thresholds that favor one business model over another. Everyone should compete on a level playing field. ### Why This Matters Beyond Europe Here's the bigger picture: tokenized financial markets aren't just a European thing. They're going global, fast. If Europe sets its sights too low, it risks falling behind the US, Asia, and other regions that are already moving aggressively on digital asset infrastructure. The coalition's goal is simple but ambitious—create a European framework that can sustainably support tokenized financial markets and keep them competitive worldwide. That means thinking bigger than a $107 billion cap. > "The ambition should match the opportunity. Right now, it doesn't." ### The Clock Is Ticking This isn't just about policy wonks debating numbers. It's about whether Europe will have the infrastructure to attract tokenized asset trading, or whether that business will go elsewhere. The coalition is urging co-legislators to act now, while the MISP package is still being shaped. For anyone watching European payments and fintech news, this is one to keep an eye on. The decisions made in the coming months could determine whether Europe becomes a leader in tokenized finance—or just a spectator. France FinTech and its partners have made their position clear. Now it's up to lawmakers to decide if they're listening.