Ondo wins Liechtenstein approval to offer tokenized stocks in Europe

21Shares, a leading crypto ETF issuer with $8 billion in assets, has expanded its offerings in Europe by listing six new cryptocurrency exchange-traded products (ETPs), including Aave and Cardano. This move comes amid a growing trend of new crypto ETFs being introduced in the US market.

21Shares, a prominent crypto ETF issuer with $8 billion in assets, has expanded its offerings in Europe by listing six new cryptocurrency exchange-traded products (ETPs), including Aave and Chainlink. This move comes as the market sees a surge in new crypto ETFs in the US, reflecting growing investor interest in digital assets.

US tokenization platform Ondo has received approval from Liechtenstein to offer tokenized stocks and ETFs across 30 European countries. This marks a significant step for Ondo in expanding its services in the European market.

The European Central Bank (ECB) is closely monitoring the rise of dollar tokens, which are digital currencies pegged to the US dollar. This surge has raised concerns about potential volatility and its spillover effects on the Eurozone's financial stability. The ECB's heightened focus reflects its commitment to ensuring that the increasing use of these tokens does not disrupt the existing financial ecosystem in Europe. As the popularity of dollar tokens grows, the ECB aims to assess their impact on monetary policy and the broader economy.