Ondo receives Liechtenstein approval for tokenized stocks and ETFs in Europe
Ondo Global Markets, a US-based tokenization platform, has received approval from the Liechtenstein Financial Market Authority (FMA) to offer tokenized stocks and ETFs to European investors. This decision allows the company to provide regulated access to US markets for over 500 million investors across 30 European countries, including all 27 EU member states, Iceland, Norway, and Liechtenstein.
The approval follows Ondo's partnership with BX Digital, the digital asset arm of Boerse Stuttgart Group, which enabled tokenized stock trading in Switzerland. Liechtenstein, though not an EU member state, has adopted the MiCA framework for crypto-asset markets through the EEA MiCA Implementation Act, which came into force in February.
Ondo will operate within a unified regulated framework in line with European investor protection standards. After the transitional regime expires on December 31, 2025, crypto asset service providers will need MiCA authorization from FMA. Ondo did not specify the exact regulatory framework used but highlighted the “passporting” mechanism, which extends authorization across all EEA countries.