Axiology, a Lithuania-based digital asset firm, has become the first company in the Baltics-Nordics region to receive a DLT Pilot Regime licence from the Bank of Lithuania. This landmark authorisation, granted under the European Union’s DLT Pilot Regime, allows Axiology to issue, trade, and settle digital bonds using blockchain infrastructure.
This approval not only marks a major step for Axiology but also places it among a small group of pioneering firms—only the second in Europe—to gain such authorisation under the EU framework. The licence enables the firm to offer blockchain-powered digital bond services to SMEs and retail investors, providing new access to capital markets in a streamlined and cost-effective way.
Axiology uses a permissioned version of the XRP Ledger as its underlying infrastructure, enabling secure and transparent transactions. According to CEO Marius Jurgilas, a former Bank of Lithuania board member, the company’s mission is to overhaul Europe’s outdated capital market structure.
“Despite years of policy work, Europe’s capital markets remain costly, fragmented, and inaccessible to smaller participants,” Jurgilas said. “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 move aligns with Lithuania’s broader ambitions to strengthen its reputation as a fintech hub. The country is working to reform its regulatory landscape to attract low-risk financial firms, reducing compliance burdens while staying aligned with EU AML and CTF standards. These changes aim to support innovation while maintaining financial integrity.
With this new licence in hand, Axiology is poised to drive a more inclusive and efficient financial market structure, making Lithuania a regional leader in digital capital market innovation.