Ondo Finance obtains new approval in the EU…"Tokenized stock sales now possible"
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- Ondo Finance said it obtained approval in the European Union (EU) to sell tokenized stocks and ETFs.
- It said that with this approval, more than 500 million investors in the EU and the European Economic Area (EEA) can access Ondo Finance's tokenized assets.
- Ondo Finance said it will operate the service in accordance with investor protection standards under an EU-wide regulatory framework.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Real-world asset (RWA) firm Ondo Finance (ONDO) has obtained approval in the European Union (EU) to sell tokenized stocks.
Ondo Finance said on the 18th (local time) that it received EU approval to offer tokenized stocks and exchange-traded funds (ETFs) in Europe. Specifically, Ondo Finance obtained the approval from the Liechtenstein Financial Market Authority (FMA). Ondo Finance said, "With this approval, more than 500 million investors in the EU and the European Economic Area (EEA) can access Ondo's tokenized stocks and ETFs."
With this approval, Ondo Finance can sell tokenized stocks and ETFs to retail investors in the 27 EU countries and the 30 EEA countries. Ondo Finance said, "(The sale of tokenized stocks, etc.) will be operated under an EU-wide regulatory framework aligned with investor protection standards."
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