Ondo Global Markets, the company behind Ondo Finance, one of the leading US-based tokenization platforms, has received regulatory approval to offer tokenized stocks to European investors. Accordingly, Ondo Finance will offer tokenized stocks and ETFs in the EU. With this approval, over 500 million investors across approximately 30 EU and European Economic Area (EEA) countries will have access to on-chain US stocks and ETFs. As is well known, tokenization of stocks is still prohibited in the US. However, US companies have recently made a move towards tokenization and are striving to gain approval in many regions, particularly Europe. Kraken and Robinhood are among the companies that stand out in this regard, while Coinbase, the largest US cryptocurrency exchange, has also filed a petition with the SEC to allow tokenization. With this approval, Ondo strengthens its position as a leader in regulated tokenized finance. Ondo Global Markets is now the largest tokenized equity and ETF platform with over $315 million in TVL and over $1 billion in cumulative trading volume. Ondo Finance, which has partnered with BlackRock, the world's largest asset manager, is tokenizing BUIDL, BlackRock's on-chain fund backed by US Treasury bonds. ONDO, which has fallen 20% in the past week, is trading at $0.53 at the time of writing. *This is not investment advice. Continue Reading: BlackRock Partner Announces Giant Altcoin Receives Critical Approval from Europe!
