Currency.com has launched what it calls the “world’s first fully-functional trading platform for tokenised securities,” following investment from VP Capital and Larnabel Ventures.
The next-generation blockchain tech company will allow investors to engage with the traditional financial markets using cryptocurrencies without having to convert their holdings into fiat first.
The First Tokenized Securities Platform
Belarus based Currency.com has launched the first fully-functional trading platform for tokenized securities in the world.
The platform will give investors exposure to real-world financial instruments by trading or investing in them using cryptocurrencies.
The platform will be accessible to any kind of investor and will issue more than 10,000 tokenized securities which track the underlying price of the instrument.
Initially, it will offer 150+ tokenized securities to its users, focusing on common financial instruments like commodities, indices, and global equities.
The tokenized securities will mirror the performance of the actual security such as an Apple Share and will include the same costs and benefits that the underlying security provides.
How Is Tokenization Achieved for Securities?
Currency.com will utilize the tech of its sister platform Capital.com to offer the tokenized versions of equities, commodities, and indices.
Capital.com is regulated by both the CySEC and FCA.
Currency.com CEO Ivan Gowan noted on the launch of the new platform:
“We are excited to be launching this revolutionary blockchain venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging cryptocurrencies into fiat money to do so.”
He emphasized that the firm is committed to providing fraud protection and security to the users while adhering to the regulatory standards laid down by “Belarus’ Decree No. 8 ‘On the Development of a Digital Economy.”
The company recently received investments from VP Capital and Larnabel Ventures. Its iOS and Android apps will be available for beta testing in February.