Ondo wins Liechtenstein approval to offer tokenized stocks in Europe

Ondo Global Markets, a US-based tokenization platform, has received regulatory approval to offer tokenized stocks to European investors.

Liechtenstein Financial Market Authority (FMA) has granted Ondo approval to launch its and in the European Union and the broader European Economic Area (EEA), the company on Tuesday.

“With this milestone, more than 500 million investors in 30 European countries can soon access regulated exposure to US markets directly onchain,” Ondo said.

The news came a few weeks after Ondo with Boerse Stuttgart Group’s digital asset arm BX Digital to enable the tokenized stock trading in Switzerland on Nov. 3.

Liechtenstein’s approval positions Ondo to offer tokenized stocks and ETFs to retail investors across all 30 EEA countries, including all 27 EU nations plus Iceland, Liechtenstein and Norway.

The regulatory milestone positions Ondo to operate within a “unified, regulated European framework consistent with established investor-protection standards,” the company said.

Ondo did not specify the framework under which it secured approval to offer tokenized stocks in Europe, but highlighted Liechtenstein’s passporting regime, which extends across the EEA.

As an EEA member state, Liechtenstein the EU-wide through the EEA MiCA Implementation Act, EWR-MiCA-DG, which entered into force in February.

Following the expiry of the transitional regime on Dec. 31, 2025, crypto asset service providers (CASPs) must hold MiCA authorization from Liechtenstein’s FMA.

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Cointelegraph approached Ondo and the FMA for comment regarding the nature of the approval but had not received a response at the time of publication.

The news arrives amid rising tensions within the EU over the extent of supervisory authority that member states should retain under MiCA. to reports, EU officials are drafting plans to designate the European Securities and Markets Authority as the direct regulator for all CASPs across the bloc.

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