A Belarus-based startup has launched a tokenized securities trading platform enabling traders to purchase into conventional markets with bitcoin and ethereum.
Blockchain tech firm Currency.com has introduced the launch of its trading platform for tokenized securities. The Belarus-based platform is meant to allow traders to commerce and spend money on widespread monetary devices akin to equities, commodities, and indices straight, with out having to transform their cryptocurrencies in fiat.
According to the official launch, it’ll finally problem over 10,000 tokenized securities however will begin with over 150, together with the whole lot from in style shares to silver, oil and pure gasoline.
Users will be capable to buy tokens, which mirror the efficiency of sure typical property akin to Apple shares listed on NASDAQ. It will value the identical value as an precise Apple share and will be purchased with BTC or ETH.
Currency.com is the very first blockchain-based enterprise licensed by Belarus’ High Technology Park (HTP) below the nation’s Decree No. 8 “On The Development of a Digital Economy.”
Apart from being compliant with native laws, the platform imposes strict KYC and AML necessities aided by blockchain intelligence companies akin to Elliptic, Chainanalysis, and Coinfirm. In different phrases, blockchain monitoring software program will likely be used to watch transactions.
Additionally, Currency.com goes to make use of its FCA and CySEC regulated sister platform to supply entry to the tokenized variations of a contract for the change of a selected index, commodity or fairness.
Tokenized Assets: A Trend in The Making?
Earlier this month, Bitcoinist reported that an Estonian-based platform referred to as DX Exchange would provide customers to commerce big-name shares utilizing tokens on the Ethereum blockchain by way of smart contracts.
Meanwhile, again in 2018, Singapore’s Monetary Authority (MAS) – the nation’s de-facto central financial institution, teamed up with main corporations like Deloitte, Anquan, and NASDAQ, to develop options for simultaneous change and settlement of tokenized digital currencies and safety property.
It seems that the tokenization of conventional property like shares is changing into a rising pattern because the variety of platforms enabling that is rising with every day.
What do you consider token-based conventional property? Don’t hesitate to tell us within the feedback beneath!
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