Ondo Global Markets Secures Approval to Offer Tokenized Stocks Across Europe

Highlights:

•        Ondo Global Markets has secured approval from Liechtenstein’s FMA to launch tokenized stocks and ETFs across all 30 EEA countries.
•         The authorization will allow more than 500 million investors in Europe to access regulated on-chain exposure to U.S. markets.
•         The approval follows Ondo’s recent collaboration with BX Digital in Switzerland to support tokenized stock trading.

Ondo Global Markets, a U.S.-based tokenization platform, has received regulatory approval from the Liechtenstein Financial Market Authority (FMA) to offer tokenized stocks and exchange-traded funds to investors across the European Union and the broader European Economic Area. The authorization marks a major step in expanding regulated on-chain access to U.S. equity markets for retail investors throughout Europe.

The approval arrives shortly after Ondo partnered with BX Digital, the digital assets division of Boerse Stuttgart Group, to begin tokenized stock trading in Switzerland earlier this month. The collaboration provided an initial entry point for Ondo’s expansion into the European market.

Liechtenstein’s MiCA Alignment Supports EEA-Wide Access

Liechtenstein has implemented the EU-wide Markets in Crypto-Assets (MiCA) regulatory framework through its EEA MiCA Implementation Act, allowing the country to align closely with European crypto-asset standards despite not being an EU member. This structure enables firms authorized in Liechtenstein to operate across the EEA under its passporting regime.

Ondo emphasized that its approval positions the platform within a unified regulatory environment guided by established investor-protection measures. While the company did not specify the precise framework under which approval was granted, the implementation of MiCA across Liechtenstein ensures compatibility with EEA-wide requirements once the transitional period ends on December 31, 2025.

Following that date, crypto-asset service providers operating within the region must hold MiCA authorization from the Liechtenstein FMA to continue offering services across the EEA.

Regulatory Context Amid Broader EU Discussions

The regulatory authorization for Ondo comes as supervisory arrangements under MiCA remain a topic of debate within the European Union. Reports indicate that EU officials are developing proposals that may assign the European Securities and Markets Authority direct oversight of crypto-asset service providers throughout the bloc. This could influence how national authorities interact with pan-European service operators in the future.

Ondo’s approval also coincides with broader industry efforts to expand tokenized financial products. The company recently tokenized more than 100 U.S. stocks and ETFs on the BNB Chain, adding momentum to its expansion strategy.