More than 500 million investors in 30 European countries will soon be able to buy US stocks and ETFs directly on blockchain, thanks to Ondo’s regulatory breakthrough.
Key Takeaways
- Ondo Global Markets received regulatory approval from Liechtenstein’s FMA to offer tokenized US stocks and ETFs across the European Economic Area.
- The approval uses Liechtenstein’s passporting regime, enabling Ondo to serve investors in all 30 EEA countries under a unified regulatory framework.
- The platform provides onchain access to US financial markets, targeting retail investors with blockchain-based versions of traditional securities.
- Ondo’s move comes ahead of the MiCA regulatory deadline, giving it an early lead in Europe’s evolving digital asset market.
What Happened?
Ondo Global Markets, a US-based tokenization platform, has secured regulatory clearance from the Financial Market Authority (FMA) of Liechtenstein to offer tokenized stocks and ETFs across the European Union and broader European Economic Area. This approval allows Ondo to offer blockchain-based versions of US financial assets to retail investors in 30 countries under a harmonized legal framework.
Ondo Receives EU Approval to Offer Tokenized Stocks and ETFs Across Europe.
— Ondo Finance (@OndoFinance) November 18, 2025
This approval expands the reach of Ondo’s tokenized stocks and ETFs to over 500 million investors across the EU and EEA.
The Base Prospectus governing the issuance of tokenized stocks and ETFs was… pic.twitter.com/vVRT7jaudf
Ondo Secures Major Regulatory Milestone
The approval by Liechtenstein’s FMA gives Ondo a powerful entry point into the European market. With Liechtenstein’s passporting system, which extends regulatory recognition across the entire EEA, Ondo can now serve all EU member states, plus Iceland, Norway, and Liechtenstein. This move enables more than 500 million European retail investors to gain regulated, direct onchain access to US equities and ETFs.
While the company did not disclose the exact legal framework under which it received approval, it cited Liechtenstein’s alignment with the Markets in Crypto-Assets (MiCA) regulation, implemented locally through the EWR-MiCA-DG act in February 2025.
Europe-Wide Expansion Built on Swiss Partnership
This news follows a strategic partnership announced on November 3 between Ondo and BX Digital, the digital asset arm of Boerse Stuttgart Group, aimed at launching tokenized stock trading in Switzerland. That collaboration marked Ondo’s first major step into European markets and helped establish the infrastructure needed to support broader regulatory approval.
Ondo emphasized that its goal is to bring traditional financial assets fully onchain under compliant, investor-protected environments. The company claims to operate the largest platform for tokenized stocks and ETFs, boasting over $315 million in total value locked and more than $1 billion in trading volume since launch.
MiCA Framework Ushers in New Era for Crypto in Europe
Liechtenstein’s early adoption of MiCA positions it as a frontrunner in European crypto regulation. From December 31, 2025, crypto asset service providers like Ondo must have full authorization under MiCA to operate in the region. Ondo’s current approval places it ahead of this deadline, offering a first-mover advantage as the rest of the industry prepares for regulatory compliance.
Meanwhile, discussions are ongoing within the EU about centralizing crypto oversight under the European Securities and Markets Authority (ESMA). Some member states are pushing back, hoping to retain more national control over enforcement and supervision. These dynamics could further influence how platforms like Ondo expand their offerings across Europe in the near future.
CoinLaw’s Takeaway
In my experience, regulatory clarity is one of the biggest hurdles in global crypto adoption. What Ondo just pulled off in Liechtenstein is a massive move. This is not just about launching a new product. It is about legitimizing tokenized financial assets in one of the world’s most highly regulated regions. If you’re in the crypto or fintech space, this is the kind of forward-looking compliance strategy you want to watch. I found it especially strategic how Ondo positioned itself ahead of MiCA’s full implementation. That kind of foresight can create long-term dominance in a space where many are still testing the waters.
