US-based tokenization platform Ondo Global Markets hasreceived regulatory approval from Liechtenstein to offer tokenized stocks to investors in Europe.The approval follows the integration of cryptocurrency exchange Bitget and thecrypto wallet service Bitget Wallet with Ondo Finance.Digitalassets meet tradfi in London at the fmls25The integration allows usersoutside the United States to trade tokenized real-world assets, includingstocks and ETFs. The companies are among the first to provide such services toa non-U.S. user base.Ondo Gains Approval for European Tokenized MarketsThe Liechtenstein Financial Market Authority granted Ondopermission to launch tokenized stocks and exchange-traded funds across theEuropean Union and the broader European Economic Area.Ondo said the approval allows more than 500 millioninvestors in 30 European countries to access regulated exposure to US marketsdirectly onchain.The announcement also follows Ondo’spartnership with Boerse Stuttgart Group’s digital asset arm BX Digital,which enabled tokenized stock trading in Switzerland earlier this month.Liechtenstein Authorizes Ondo Liechtenstein, while not an EU member state, has adopted theMarkets in Crypto-Assets framework. The approval allows Ondo to offer tokenizedstocks and ETFs to retail investors across all 30 EEA countries, including the27 EU nations, Iceland, Liechtenstein, and Norway.Ondo said the approval enables it to operate within “aunified, regulated European framework” aligned with investor-protectionstandards. The company did not specify the exact framework under which itreceived approval but noted Liechtenstein’s passporting regime, which appliesacross the EEA.Regulators Propose Updates to MiCA RulesConsob, AMF, and FMA, regulators from Italy, France, andAustria, haveproposed updates to the MiCA Regulation. The proposals aim to addressdifferences in supervision across member states and align oversight ofcrypto-asset service providers. They also include measures to improvecybersecurity and centralize white paper filings.MiCA, effective from 30 December 2024, requires cryptoservice providers operating in Europe to obtain authorization. Earlyimplementation revealed variations in enforcement, which could affect investorprotection and market functioning. The proposals also cover non-EU platformsserving European clients. Key measures include direct supervision of majorproviders, independent cybersecurity audits, and a single point for white papersubmissions to promote consistent oversight.This article was written by Tareq Sikder at www.financemagnates.com.