With the transition to blockchain technology developed by AND Global Group, the over-the-counter market in Mongolia has begun to operate on a continuous trading model, which is a significant event in global financial markets.
This trading system was tested for 18 months within the Financial Regulatory and Supervisory Commission before being officially launched. It now provides the opportunity to trade around the clock, 5 days a week (24/5), ensuring automatic calculation and completion of transactions in less than one minute.
Initially, on September 12, 2025, the Financial Regulatory Commission announced the implementation of blockchain technology for the over-the-counter market at the international conference Mongolia’s Capital Market Connectivity 2025 in Ulaanbaatar.
The launch of the round-the-clock trading session was an important step in this transformation.
Since the transition to blockchain, which occurred three months ago, activity in the secondary market has increased by 40%. This increase is attributed to the efficiency of automated settlements, and further growth in market liquidity is expected due to the new round-the-clock trading mode (24/5).
The Mongolian Association of Securities Dealers (MASD) manages over-the-counter operations, while the core technology was created and implemented by the fintech company AND Global Group through its subsidiary AND Denode.
Automation of settlements was achieved through a strategic partnership with the Central Securities Depository of Mongolia (CSDM).
The integration of blockchain technology into securities trading provides Mongolia with the opportunity not only to enhance the security and efficiency of its domestic financial market but also to contribute to global financial innovations.
Tatar S. Maidar
source: MiddleAsianNews
