- Ondo has taken advantage of Liechtenstein’s passporting rules under the MiCA regime to expand its coverage to 500 million retail investors across 30 EEA countries.
Ondo continues its advance in bridging traditional and onchain finance. The company announced this week that it’s expanding its tokenized solutions in the European market.
Ondo’s Liechtenstein Approval for Tokenized Asset Trading
According to Ondo Global Market’s press release, it has secured regulatory approval from Liechtenstein’s Financial Market Authority (FMA). As a result, the country’s passporting rules will allow it to offer tokenized US stocks and exchange-traded funds (ETFs) to over 500 million retail investors across 30 countries in the European Economic Area (EEA) under a harmonized framework. Its extended coverage includes all 27 member states of the European Union (EU), as well as Iceland, Liechtenstein, and Norway.
Ondo believes the Liechtenstein approval gives it a powerful entry point into Europe, providing more room for potential growth. The company is currently the largest platform for tokenized securities, with over $315 million in total value locked (TVL) and over $1 billion in volume since launch. It also allows the business to operate in a regulated market, giving users greater confidence in the FMA’s investor-focused protection standards.
The European expansion follows Ondo’s recent momentum, including a partnership with the digital asset arm of Boerse Stuttgart Group, BX Digital, which enabled users to participate in tokenized trading in Switzerland starting in early November.
Ondo didn’t specify the legal framework it used to apply for approval in Liechtenstein. However, it broadly cited the country’s alignment with the Markets in Crypto Assets (MiCA) regulation as a reason for its strategic decision.
Why It’s a Big Deal
Beyond broader access to US financial markets globally and more options for European investors, Ondo’s progress signals that real-world asset (RWA) tokenization is taking over both TradFi and onchain finance by storm. For the broader crypto community, the latest development is only the beginning of a massive blowup of trillions of dollars in untapped capital siloed within the walled garden of the old guard in the financial world.
Additionally, the trend could bridge real finance with retail and institutional players, allowing serious money to flow into crypto without pure speculation. Likewise, it sustains transfers and the generation of real value regardless of market status, whether in a bull or bear phase.
Overall, RWAs are more than just a fleeting trend. Many analysts forecast that they could outperform many projects in the crypto industry as they possess the capacity to attract significant liquidity regardless of market cycles, making them the cornerstone of long-term decentralized finance (DeFi).
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