With the implementation of blockchain technology developed by AND Global Group, the over-the-counter market of Mongolia has made a significant leap by transitioning to a 24/5 trading model, marking a milestone for global financial markets.
Over 18 months, the new trading system was tested under the Financial Regulatory and Supervisory Commission before being officially launched. As a result, it is now possible to conduct transactions 24 hours a day, 5 days a week (24/5) with automated settlements that are completed in less than a minute.
The announcement of the transition to blockchain was made by the Financial Regulatory Commission on September 12, 2025, at the international conference "Interconnection of Mongolia's Capital Markets 2025," held in Ulaanbaatar.
The launch of the round-the-clock trading session represents a new phase in this transformation.
Since the transition to blockchain, activity in the secondary market has increased by 40% over three months. The efficiency of instant automated settlements has contributed to this growth, and with the introduction of 24/5 trading, further liquidity increases are expected.
The management of operations in the over-the-counter market is conducted by the Mongolian Association of Securities Dealers (MASD), while the underlying technology was developed and implemented by the fintech company AND Global Group through its subsidiary AND Denode.
Settlement automation was achieved through collaboration with the Central Securities Depository of Mongolia (CSDM).
The integration of blockchain technology into the securities trading process allows Mongolia to enhance the efficiency and security of its domestic capital market, as well as contribute to the development of global financial innovations.
Tatar S. Maidar
source: MiddleAsianNews
