Ondo Finance Approved to Offer Tokenized US Stocks in Europe

Ondo Finance’s subsidiary, Ondo Global Markets, has received regulatory approval from Liechtenstein’s FMA to offer tokenized US stocks and ETFs across the European Economic Area.

This approval opens access for 500 million retail investors to compliant on-chain financial products, expanding the regulated tokenization landscape in Europe significantly.

Ondo Finance Expands European Reach with Liechtenstein Clearance

Ondo Finance’s subsidiary, Ondo Global Markets, has received formal approval from the Liechtenstein Financial Markets Authority. This approval enables offering tokenized US stocks and ETFs across the European Economic Area. All involved entities are equipped to comply with EU financial regulations, facilitating access to on-chain stocks and ETFs for millions of retail clients within the region. CEO Nathan Allman, leveraging his Goldman Sachs background, is steering Ondo through its ambitious foray into the European market.

Ondo’s entry into tokenized equities follows a history of tokenizing US treasuries, expanding their asset offerings. This clearance is a significant development in Europe’s regulatory landscape for securities, potentially setting a precedent for others. This step could bolster confidence in tokenized assets among European investors as regulatory structures are further refined.

Ondo Global Markets receives EU approval to offer tokenized stocks and ETFs across Europe. – Nathan Allman, CEO and Founder, Ondo Finance

Anticipated Market Reactions as Ondo Leads Tokenization Efforts

Did you know? This marks the first official regulatory clearance in the European Economic Area allowing tokenized US stocks and ETFs across 30 markets, potentially benchmarking a new norm in securities access.

CoinMarketCap reports Ondo’s token (ONDO) is priced at $0.54, with a market cap standing at $1.70 billion and market dominance of 0.05%. Trading volume experienced a decline of 3.66%. Over 90 days, ONDO decreased by 42.89%, reflecting broader market adjustments. The token’s current supply is 3.16 billion, with a fully diluted market cap valuation of $5.37 billion.

The Coincu research team notes that this step into equities could solidify Ondo’s position in Europe’s tokenized finance sector. Historical trends suggest market dynamism as independent protocols gain traction, yet anticipate regulatory challenges as the ecosystem adapts to new norms. The regulatory clarity achieved with this launch may prompt further investment inflows and development of tokenized asset solutions.