Mongolia has moved its over-the-counter (OTC) securities market to a 24-hour trading model. The transition was made possible by blockchain OTC technology from AND Global Group, with the firm claiming that Mongolia is now “the first country in the world to execute regulated securities trading using blockchain infrastructure”.
The firm has been testing its OTC trading system in a sandbox environement run by Mongolia’s Financial Regulatory Commission (FRC) for 18 months prior to launch. Trading operations are supervised by the Mongolian Association of Securities Dealers (MASD) while the country’s CSD helped develop payment settlement automation.
The FRC first announced plans to transition the OTC market to blockchain technology in September 2025 – in the three months between the announcement and launch, secondary market trading activity has increased by 40%.

Published Date:2025-12-30