Ondo Finance announced that its regulated arm called Ondo Global Markets, has secured formal approval from the Liechtenstein Financial Market Authority (FMA) to bring tokenized products to investors across the EU and EEA. Thanks to Liechtenstein’s passporting regime, Ondo can now offer tokenized U.S. stocks and ETFs to retail investors in 30 European countries.
The approval will allow Ondo to offer tokenized stocks and ETFs to retail investors across the EEA, which includes all EU nations along with Iceland, Liechtenstein, and Norway. This will also help them operate within a unified, regulated European framework consistent with established investor-protection standards.
Spreading its wings in Europe
Ondo is pairing this regulatory win with a key operational partnership that it formed with BX Digital in early November. BX Digital is part of Boerse Stuttgart Group, and will list 100+ tokenized U.S. stocks and ETFs on its regulated Swiss exchange. Because BX Digital has a DLT license under Swiss rules, this offers a bridge between legacy finance and blockchain settlement.
Ondo’s platform already claims over $315 million in total value locked and more than $1 billion in cumulative trading volume and has been expanding its role in real-world asset (RWA) tokenization. The company plans to offer 1000+ tokenized assets by the end of 2025. Ondo’s model can serve as a blueprint for other tokenization players to enter the European market under MiCA-style guardrails.