April 2026
On 21 April 2026, EDFA joined 38 European and international organisations in calling on EU co-legislators to fast-track a standalone DLT Pilot Regime Quick-Fix alongside the broader Market Integration and Supervision Package (MISP).
The signatories represent a broad coalition spanning established financial institutions, fintech associations, and industry federations. Together, they urge the European Commission, the Council, and the European Parliament to carve out the most urgent DLTPR amendments and legislate them separately, without waiting for the full MISP process to conclude.
The letter identifies five core elements for the Quick-Fix:
- Removing restrictions on eligible asset classes
- Raising overall volume limits to EUR 100 to 150 billion
- Deleting per-instrument limits
- Removing time limitations on licences
- Providing for immediate application upon entry into force.
The underlying argument is straightforward. Market participants across Europe are already building DLT-based infrastructure for the issuance, trading, and settlement of tokenised financial instruments. The current regime is too restrictive to support that activity at scale. And while the MISP is welcome, its complexity means a lengthy negotiation timeline. The targeted adjustments needed to the DLTPR should not wait.