Axiology expands its MiFID licence simplifying access to tokenised funds
Treasurers can now subscribe to and redeem tokenised money market funds directly through Axiology.
Axiology, a regulated European capital markets infrastructure provider, has received approval from the Bank of Lithuania to extend its EU investment firm authorisation, allowing it to provide additional brokerage services alongside its existing trading and settlement infrastructure. The expansion is designed to simplify institutional access to tokenised financial instruments, including money market funds (MMFs).
The expanded licence authorises Axiology to receive and transmit orders and execute them on behalf of clients, adding two significant investment services to its existing licence. These permissions allow Axiology to receive clients’ investment instructions, execute transactions on their behalf or pass orders to their other venues and counterparties.
Combined with its existing permissions, Axiology can support the key stages of the investment process within a single regulated firm, from handling orders to through to trading, settlement and custody.
The expansion is particularly relevant for corporate treasury teams looking to invest in tokenised MMFs. Axiology can now handle investment orders and facilitate subscriptions and redemptions with fund providers, alongside its existing settlement and custody services. This reduces the need for separate brokerage arrangements and makes it easier for institutions to access and manage tokenised investments.
Marius Jurgilas, CEO at Axiology, comments: “Tokenisation has the potential to make capital markets much more efficient, but there’s little benefit in simplifying the technology if investors still have to navigate a complicated process to access it. For treasury teams, that means dealing with multiple providers to place an order, complete a transaction and manage their holdings.
“Extending our authorisation is a deliberate step towards bringing the full investment process under one regulated roof. By combining brokerage with our existing infrastructure, we can make it easier for clients to access and manage these investments through one regulated provider.”
The expansion comes amid strong growth in tokenised MMFs. According to the European Central Bank, their global market capitalisation grew by around 110% during 2025, reaching approximately €7 billion by February 2026. While still a small segment of the wider money market fund industry, this growth is increasing the need for regulated infrastructure that can support broader institutional adoption.
Axiology has been authorised to operate a DLT Trading and Settlement System under the EU DLT Pilot Regime since July 2025. It was also amongst the initial DLT operators onboarded for Pontes, launched by the Eurosystem in September 2026 to enable wholesale transactions in tokenised financial instruments to settle in central bank money. It is a member of the Appia Contact Group, which supports the evolution of Pontes and the Eurosystem’s longer-term work on a European tokenised financial ecosystem.
Enjoyed this article? Subscribe to our newsletter to stay updated on the latest insights, news and developments straight to your inbox.
