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A Belarus-based start-up has launched a tokenized securities trading platform, enabling investors to buy into traditional markets with bitcoin and ethereum.
Tokenized Securities
Blockchain tech company Currency.com has announced the launch of its trading platform for tokenized securities. The Belarus-based platform is intended to enable investors to invest in common financial instruments such as equities, commodities, and indices directly, without having to convert their cryptocurrencies into fiat.
It will eventually issue 10,000 tokenized securities, but will start with over 150, including everything from popular stocks to silver.
Users will be able to purchase tokens, which mirrors the performance of certain conventional assets such as Apple shares listed on NASDAQ. Apple share and can be bought with BTC or ETH.
High-quality blockchain-based business license by Belarus' High Technology Park (HTP) under the country's Decree No. 8 "On The Development of a Digital Economy."
KYC and AML requirements aided by blockbuster intelligence services such as Elliptic, Chainanalysis, and Coinfirm. In other words, blockchain tracking software will be used to monitor transactions.
In addition, the FCA and the CySEC are regulated to provide a range of options for the exchange of a specific index, commodity or equity.
Tokenized Assets: A Trend in The Making?
Earlier this month, Bitcoinist reported that an Estonian-based platform called DX Exchange would offer users to trade big-name stocks using tokens on the Ethereum blockchain through smart contracts.
Meanwhile, back in 2018, Singapore's Monetary Authority (MAS) – the country's de-facto central bank, teamed up with major firms such as Deloitte, Anquan, and NASDAQ, to develop digital solutions and digital assets.
It appears to be a growing number of platforms.
What do you think of token-based traditional assets? Let's not hesitate to let us know in the comments below!
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