US-based tokenization platform Ondo Global Markets has
received regulatory approval from Liechtenstein to offer tokenized stocks to investors in Europe.
The approval follows the integration of cryptocurrency exchange Bitget and the
crypto wallet service Bitget Wallet with Ondo Finance.
Digital
assets meet tradfi in London at the fmls25
The integration allows users
outside the United States to trade tokenized real-world assets, including
stocks and ETFs. The companies are among the first to provide such services to
a non-U.S. user base.
Ondo Gains Approval for European Tokenized Markets
The Liechtenstein Financial Market Authority granted Ondo
permission to launch tokenized stocks and exchange-traded funds across the
European Union and the broader European Economic Area.
Ondo said the approval allows more than 500 million
investors in 30 European countries to access regulated exposure to US markets
directly onchain.
The announcement also follows Ondo’s
partnership with Boerse Stuttgart Group’s digital asset arm BX Digital,
which enabled tokenized stock trading in Switzerland earlier this month.
Liechtenstein Authorizes Ondo
Liechtenstein, while not an EU member state, has adopted the
Markets in Crypto-Assets framework. The approval allows Ondo to offer tokenized
stocks and ETFs to retail investors across all 30 EEA countries, including the
27 EU nations, Iceland, Liechtenstein, and Norway.
Ondo said the approval enables it to operate within “a
unified, regulated European framework” aligned with investor-protection
standards. The company did not specify the exact framework under which it
received approval but noted Liechtenstein’s passporting regime, which applies
across the EEA.
Regulators Propose Updates to MiCA Rules
Consob, AMF, and FMA, regulators from Italy, France, and
Austria, have
proposed updates to the MiCA Regulation. The proposals aim to address
differences in supervision across member states and align oversight of
crypto-asset service providers. They also include measures to improve
cybersecurity and centralize white paper filings.
MiCA, effective from 30 December 2024, requires crypto
service providers operating in Europe to obtain authorization. Early
implementation revealed variations in enforcement, which could affect investor
protection and market functioning.
The proposals also cover non-EU platforms
serving European clients. Key measures include direct supervision of major
providers, independent cybersecurity audits, and a single point for white paper
submissions to promote consistent oversight.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
