Ondo will ensure EU approval for tokenized stocks and ETFs

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

The Liechtenstein Financial Market Authority (FMA) has given Ondo approval to launch it Tokenized stock and Exchange traded funds (ETFs) In the European Union and the wider European Economic Area (EEA), the company announced on Tuesday.

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

The news came weeks after Ondo Worked together On Boerse Stuttgart Group’s digital asset arm to enable tokenized stock trading in Switzerland on November 3.

Liechtenstein has ratified MICA despite not being a member of the EU

Liechtenstein’s approval positions Ondo to offer tokenized stocks and ETFs to retail investors in all 30 EEA countries, including all 27 EU countries including 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 in which approval was secured to offer tokenized stocks in Europe, but emphasized Liechtenstein’s passport regime, which extends to the EEA.

As an EEA member state, Liechtenstein implemented the entire EU Crypto-Assets Framework Markets (MICA) Through the EEA MICA Implementation Act, the EWR-MICA-DG, which entered into force in February.

Following the expiry of the transitional regime on December 31, 2025, the Crypto Asset Service Provider (CASP) must hold a MICA authorization from the FMA of Liechtenstein.

Related: Ondo tokenizes more than 100 US stocks and ETFs on the BNB chain

Cointelegraph approached Ondo and the FMA for comment on the nature of the approval but did not receive a response by the time of publication.

The news comes amid rising tensions within the EU over the extent of supervisory authority that member states should retain under MICA. According to In reports, EU officials are developing plans to appoint the European Securities and Markets Authority as the direct regulator for all CASPs across the bloc.