New authorization opens the door for more than 500 million investors in 30 EEA countries to access U.S. equities directly on-chain.
Ondo Global Markets, a U.S.-based tokenization platform, has achieved a major regulatory breakthrough after receiving approval from the Liechtenstein Financial Market Authority (FMA) to offer tokenized stocks and ETFs across Europe. The authorization positions Ondo to deliver blockchain-based access to U.S. markets for millions of retail investors under a unified regulatory framework.
Ondo Gains Access to 30 European Markets
The approval allows Ondo to distribute tokenized versions of U.S. equities throughout the European Union and European Economic Area (EEA). The company said that more than 500 million investors in 30 countries could soon gain exposure to U.S. stocks directly on-chain.
A digital-asset regulation analyst noted that “passporting through Liechtenstein creates a compliant path for tokenized securities without the fragmented oversight typically seen across Europe.”
The milestone follows Ondo’s recent partnership with Boerse Stuttgart’s BX Digital, which enabled tokenized stock trading in Switzerland earlier this month.
Liechtenstein Implements MiCA for the Entire EEA
Although not an EU member, Liechtenstein applies EU regulations through its EEA membership. The country adopted the Markets in Crypto-Assets (MiCA) framework via the EEA MiCA Implementation Act (EWR-MiCA-DG), which took effect in February.
Under this regime, Ondo can distribute products across all EEA countries once fully authorized, benefiting from Liechtenstein’s passporting system. After Dec. 31, 2025, all crypto-asset service providers operating in the region will be required to hold MiCA authorization.
A European policy specialist explained that “Liechtenstein’s early MiCA implementation gives it a strategic advantage, making it one of the first fully compliant gateways for tokenized financial products in Europe.”
Regulatory Landscape Still Shifting
The approval comes at a time of rising tension within the European Union regarding oversight of crypto-asset service providers. EU officials are reportedly considering shifting supervisory power to the European Securities and Markets Authority (ESMA), potentially reducing the regulatory autonomy of individual member states.
Industry watchers say the debate could shape how tokenized securities are offered across the bloc in the years ahead.
Ondo’s authorization in Liechtenstein marks a significant step for the European tokenization sector, opening access to U.S. stocks and ETFs through regulated on-chain instruments. As MiCA enforcement tightens and EU oversight evolves, the approval positions Ondo at the forefront of Europe’s emerging tokenized-securities landscape.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.