Axiology, a Lithuania-based tech firm in the digital assets sector, has received a licence from the Bank of Lithuania to issue digital bonds via blockchain. This licence, granted under the EU’s DLT Pilot Regime, marks the first of its kind in the Baltics-Nordics region and makes Axiology the second firm in Europe to obtain such authorisation.
With this licence, Axiology aims to enhance its services in digital bond issuance, trading, and settlement for SMEs and retail investors in the region. The firm utilizes a permissioned version of the XRP ledger as the foundation for its digital assets market infrastructure.
Marius Jurgilas, Axiology’s CEO, stated, “Despite years of policy work, Europe’s capital markets remain costly, fragmented, and inaccessible to smaller participants. This licence allows us to operate the full capital market stack under a single, digital-native structure, providing process synergies, cost savings, and efficiency gains.”
The licence is awarded as Lithuania seeks to strengthen its position as a leading fintech hub in Europe by adjusting its regulatory framework to reduce compliance burdens for low-risk companies. According to Invest Lithuania, the country’s investment promotion agency, the new framework aligns more closely with the EU’s latest Anti-Money Laundering and Counter-Terrorism Financing regulations, allowing lower-risk businesses to adopt a risk-based approach to simplified due diligence processes.