Ondo gets big license in Europe, US stock tokens can now be traded on-chain!

Updated

November 20, 2025

Gambar Ondo gets big license in Europe, US stock tokens can now be traded on-chain!

Jakarta, Pintu News – Ondo Global Markets, a tokenization company from the United States, officially made history after obtaining regulatory approval from the Liechtenstein Financial Market Authority (FMA).

This license paves the way for Ondo to offer United States stocks and ETFs in tokenized form to more than 500 million investors across 30 countries in the European Economic Area (EEA) region. This move marks a pivotal point in the evolution of the crypto world, particularly for the integration of traditional market instruments into the cryptocurrency ecosystem.

Liechtenstein gives green light to tokenized stock assets

The approval from FMA Liechtenstein gives Ondo the right to bring tokenized stocks and ETFs to the entire EEA region. This decision covers 27 EU countries plus Iceland, Liechtenstein and Norway. The license allows Ondo to operate within a unified regulatory framework that is aligned with EU investor protection standards.

The move is all the more interesting as Liechtenstein is not a member of the European Union, but has adopted the Markets in Crypto-Assets (MiCA) legal framework. This makes the small country an important hub for crypto companies looking to legally expand operations in the European market. By utilizing the EEA passporting mechanism, Ondo can expand its services without having to apply for additional licenses in other countries.

The MiCA regulation, which has been in effect since February, provides a foundation for crypto asset service providers (CASPs) to operate with high security standards. After the transition period ends on 31 December 2025, all CASPs are required to obtain official authorization from member state authorities, including Liechtenstein. Ondo’s license signals the company’s readiness to comply with the regulation early.

Ondo’s European expansion accelerates

A big win for tokenization.

Soon millions across the EU will be able to access tokenized stocks and ETFs within a regulated framework. https://t.co/DnRKb1JGLl
— Ondo Finance (@OndoFinance) November 18, 2025

Ondo’s achievement in Liechtenstein comes shortly after the company entered into a strategic partnership with BX Digital, the digital assets unit of Boerse Stuttgart Group, on November 3. The collaboration enables the trading of tokenized stock assets in Switzerland, expanding Ondo’s penetration in licensed European markets.

With the combination of regulatory approval and a growing market network, Ondo is now in a strong position to introduce on-chain trading of US stocks. This opens up a huge opportunity for European retail investors to access tokenized US market instruments-something that has only been accessible through traditional intermediaries.

Ondo stated that over 500 million investors can gain exposure to the US market directly through the blockchain network. The assets will be traded and stored using crypto infrastructure that is secure, transparent, and cost-effective compared to traditional investment channels.

Also read: Gold Jewelry Price Today, Thursday, November 20, 2025

MiCA is the deciding factor for the future of tokenization in Europe

The MiCA regulation not only creates standards for crypto, but also strengthens the tokenization framework across the European Union. With clear rules, retail investors have better legal protection when interacting with digital assets, including tokenized stocks.

However, behind this progress comes tension between member state authorities and EU institutions over who should hold full control over CASP supervision. According to recent reports, the EU is considering appointing the European Securities and Markets Authority (ESMA) as the primary regulator across the bloc. If implemented, crypto regulations will become uniform across Europe under one single agency.

These changes could potentially reduce the role of national regulators such as Liechtenstein’s FMA, but could improve the consistency of application of crypto law across the European Union. While still in the formulation stage, these developments are important as they could determine how tokenization projects like Ondo operate in the long run.

Conclusion

Official clearance from the Liechtenstein FMA puts Ondo at the forefront of the global tokenization revolution. With the ability to offer tokenized stocks and ETFs across the EEA, Ondo opens a new chapter in the integration of traditional markets and blockchain technology. While there are still regulatory challenges, especially regarding MiCA and the division of authority, this announcement shows that a major transformation in the crypto and cryptocurrency world is underway-and Europe is becoming one of its biggest stages.

FAQ

What does Liechtenstein agree to for Ondo?

The Liechtenstein FMA granted Ondo permission to offer tokenized stocks and ETFs to investors across the EEA. This license allows Ondo to legally operate within the MiCA regulatory framework.

Why is this agreement important for European investors?

The license opens up access for over 500 million EEA investors to gain exposure to US stocks through blockchain. This access comes with investor protection standards that are aligned with EU law.

When does MiCA come into full effect for crypto service providers?

MiCA was implemented in February and its transition period ends on December 31, 2025. After that, all crypto asset service providers must have MiCA authorization.

Where was Ondo already offering tokenized commerce before this agreement?

Ondo recently teamed up with BX Digital in Switzerland, which enabled the trading of tokenized shares in the country. This move supports Ondo’s expansion in the licensed European market.

What are the risks associated with stock tokenization under MiCA regulation?

The risks include regulatory changes, cross-border supervision, and potential homogenization under ESMA’s authority. All these risks are related to the evolution of cryptocurrency regulation in the EU region.

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