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Ondo Granted EU Approval, Unlocking Tokenized Securities for 500M+ European Investors
In a significant development, Ondo Global Markets has secured regulatory clearance to issue tokenized versions of U.S. equities across the European Union (EU) and the European Economic Area (EEA). This milestone marks a crucial step towards democratizing access to traditional financial instruments, empowering more than 500 million European investors to engage with tokenized securities.
As a result of this approval, Ondo’s network is now poised to unlock unprecedented opportunities for retail investors in Europe. By leveraging its partnership with BX Digital, Ondo has successfully integrated the latter’s regulated digital-asset exchange into its ecosystem, thereby creating an unparalleled platform for seamless trading and investment.
With its network growth accelerating rapidly, Ondo Finance has recently reported a Total Value Locked (TVL) of $1.825 billion and a Distributed Asset Value of $1.79 billion, reflecting an impressive surge in platform activity. Notably, the number of holders has increased by 40.95% to 39,846, while Monthly Transfer Volume and Monthly Active Addresses have jumped by 78.60% and 82.63%, respectively.
Notably, Ondo’s RWA Count now stands at 105, with its token trading at $0.5350.
The EU approval will significantly expand the company’s presence across Europe, offering a vast array of institutional-grade financial instruments to qualified investors or professional clients in certain jurisdictions. It is essential to note that these tokens do not imply direct ownership of the underlying securities and instead grant holders economic exposure without shareholder rights such as voting or participation in corporate governance.
Additionally, the tokenized securities provided through Ondo Global Markets will not be registered under the U.S. Securities Act of 1933, thus rendering them unavailable for U.S. persons.
Source: www.crypto-news-flash.com
