- Ondo Global Markets secured Liechtenstein FMA approval to offer tokenized assets in 30 EU countries.
- The platform also expanded to BNB Chain to capture user bases in Asia and Latin America.
- Despite these fundamental wins, ONDO price remains flat with bearish technical signals.
Ondo Global Markets has received a regulatory move this week after securing approval to offer tokenized stocks and exchange-traded funds (ETFs) across Europe.
The authorization, granted by the Liechtenstein Financial Market Authority (FMA), enables the firm to issue tokenized securities to retail investors throughout the European Union and European Economic Area.
The approval covers the Base Prospectus used for tokenized equity products, providing a compliant structure that applies to 30 markets and potentially reaches more than 500 million investors. The development arrives as the company continues expanding its infrastructure for on-chain access to U.S. financial products.
Related: Ondo Finance All Set to Build “Wall Street 2.0” on Ripple’s XRP Ledger
EU Authorization Follows Rollout to BNB Chain
The regulatory approval comes shortly after Ondo Finance extended its Ondo Global Markets platform to BNB Chain. That expansion enables non-U.S. participants to trade tokenized U.S. equities at any time, utilizing blockchain-based settlement and custody. The integration follows an initial debut on Ethereum earlier this year that accumulated $350 million in value and processed more than $669 million in on-chain trading volume.
According to the company, the platform currently lists more than 100 tokenized U.S. stocks and ETFs. Ondo Finance stated that BNB Chain’s large user base in regions such as Asia and Latin America was a driving factor in enabling broader access to its tokenized products.
Related: Bitget and Bitget Wallet Users Can Now Trade Over 100 Tokenized Stocks via Ondo Finance
Price Analysis: ONDO Stalls Despite Regulatory Win
According to CoinMarketCap data, the ONDO token was trading higher, up by 0.16% at $0.5320, following a session marked by intraday volatility. Prices reached a low of near $0.526 before stabilizing mid-morning.
The asset now carries a market capitalization of $1.68 billion, with an unlocked market cap of $2.58 billion. However, the daily trading volume decreased by 9.74% to $83.08 million, indicating a decline in short-term activity.
In addition to the market movement, technical indicators continue to show pressure on the daily chart. The RSI stands at 32.63, showing an extended sell signal while keeping the token just above the oversold area.
The MACD shows negative readings, with the MACD line at –0.05168, following the signal line at –0.04616. A negative histogram indicates that momentum remains tilted toward sellers, although the narrowing spread suggests a slowing downside pace.
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