Tag: ondo

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 fmls25The 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 MarketsThe 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 RulesConsob, 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.