The tokenization platform Ondo Global Markets, headquartered in the United States, has received regulatory approval to offer tokenized stocks to European investors.
The Financial Market Authority of Liechtenstein (FMA) has authorized Ondo to launch its tokenized stocks and exchange-traded funds (ETFs) in the European Union and the broader European Economic Area (EEA), the company announced on Tuesday.
“Ondo stated that through this milestone, over 500 million investors across 30 European countries will be able to directly and compliantly access the U.S. market on-chain.”
Just a few weeks ago, Ondo partnered with BX Digital, the digital asset division of the Stuttgart Stock Exchange Group, to achieve tokenized stock trading in Switzerland on November 3.
The approval from Liechtenstein allows Ondo to offer tokenized stocks and ETFs to retail investors in all 30 EEA countries, including all 27 EU member states as well as Iceland, Liechtenstein, and Norway.
This regulatory advancement enables Ondo to operate within a "unified and regulated European framework, complying with established investor protection standards," the company stated.
Ondo did not specify the exact framework under which it received approval for issuing tokenized stocks in Europe but emphasized Liechtenstein's passporting system, which applies across the EEA region.
As an EEA member, Liechtenstein has implemented the EU-wide Markets in Crypto-Assets (MiCA) framework through the EEA MiCA Implementation Act (EWR-MiCA-DG), which came into effect in February.
After the transition period ends on December 31, 2025, crypto asset service providers (CASPs) must hold a MiCA authorization issued by the Liechtenstein FMA to operate.
Cointelegraph reached out to Ondo and the FMA for comments regarding the nature of this approval but had not received a response by the time of publication.
This announcement comes amid rising tensions within the EU regarding how much regulatory power member states should retain under MiCA. Reports indicate that EU officials are drafting plans to designate the European Securities and Markets Authority as the direct regulatory body for all CASPs across the region.
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Original: “Ondo Receives Liechtenstein Approval to Offer Tokenized Stocks in Europe”
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