Ondo Finance approved to offer tokenized stocks and ETFs in Europe

Minseung Kang

Summary

Ondo Finance said it has obtained a license to offer tokenized stocks and ETFs across the European Union.
As a result, more than 500 million European investors will be able to access on-chain U.S. stocks and ETFs.
Ondo Global Markets' TVL is $315 million, and cumulative trading volume is said to exceed $1 billion.

*Photo = screenshot from Ondo Finance blog*

Ondo Finance said it has obtained a license to offer tokenized stocks and ETFs across the European Union (EU).

According to Ondo Finance's official blog on the 19th, Ondo Global Markets received approval from the Liechtenstein Financial Market Authority (FMA) to sell tokenized stocks and ETFs. Liechtenstein operates a 'passporting' system that allows services to be extended to other EU countries, and with this approval investors in about 30 EU and European Economic Area (EEA) countries—more than 500 million people—will be able to access on-chain U.S. stocks and ETFs.

Ondo said this measure will enable △ offering tokenized assets to individual investors across the EEA △ operating on a compliance basis within an integrated European regulatory framework.

On the day, Ondo Finance said on X (formerly Twitter), "a major advancement in tokenization," and "millions of investors in Europe will be able to access tokenized stocks and ETFs in a regulated environment going forward."

Meanwhile, Ondo Global Markets is currently the largest among tokenized stocks and ETF platforms, with TVL of more than $315 million and cumulative trading volume reportedly exceeding $1 billion.

ONDO