Axiology Licence Expanded for Tokenised Funds
The Bank of Lithuania has added two investment services to the licence of UAB Axiology DLT, according to its licence register. The register shows the Financial Market Supervision Committee approved the change by decision No. 441-127 on 27 October 2026. Axiology announced the extension today, 10 November 2026.
What the licence now covers
The firm holds a Category B financial brokerage firm licence, No. B6. The register lists the two new activities as reception and transmission of orders, which means taking client orders and passing them on, and execution of orders on behalf of clients, which means carrying out trades for them.
Before the change, the register listed three activities, all dated 9 July 2025. These were operating a multilateral trading facility (MTF, a regulated trading venue), safekeeping and administering financial instruments, and placing instruments without a firm commitment. On that reading, Axiology could run the venue and hold assets but could not take or execute client orders. It now can.
| Permission | What changes |
|---|---|
| Operation of multilateral trading facilities | Held since 9 July 2025, unchanged |
| Safekeeping, administration and management of financial instruments on clients’ behalf | Held since 9 July 2025, unchanged |
| Placing of financial instruments without a firm commitment basis | Held since 9 July 2025, unchanged |
| Reception and transmission of orders | Added 27 October 2026 |
| Execution of orders on behalf of clients | Added 27 October 2026 |
Who is affected
Axiology says corporate treasurers, the staff who manage a company’s cash, can now subscribe to and redeem tokenised money market funds (MMFs) through one regulated provider. A tokenised MMF is a cash-like fund whose units are digital tokens. Fund providers and the brokers and platforms that distribute tokenised funds are the other parties with an interest.
Axiology is a Vilnius-based operator of trading and settlement infrastructure built on distributed ledger technology (DLT, blockchain-type technology). It serves banks, brokers and issuers. Its release describes the permission as an EU investment firm authorisation.
For brokers and fund distributors weighing tokenised-fund access for corporate clients, the model is a single licence covering the venue, custody and order handling. It is a benchmark for their own offering and a prompt to check which of these permissions their own authorisations include. Any EU-wide effect is the firm’s claim and has not yet been demonstrated.
Timeline and what is missing
The dates are 9 July 2025 for the original three activities, 27 October 2026 for the new decision and 10 November 2026 for Axiology’s announcement. The firm gives no launch date. It names no fund providers or clients and discloses no licence conditions or pricing.
Axiology says it will handle orders and facilitate subscriptions and redemptions with fund providers, alongside its existing settlement and custody services. Chief executive Marius Jurgilas said in the release: “Extending our authorisation is a deliberate step towards bringing the full investment process under one regulated roof.”
