Tokenized Securities Exchange Currency.com Is Officially Launched
Currency.com, a Belarus-based tokenized exchange, has recently announced that it would launch its main service now. The company started beta in January and now the platform is ready for launch. Currency.com claims that its platform will be the first one of this kind in the world and that it will allow the investors to trade and invest in tokenized financial instruments using it.
All payments can be made using Bitcoin (BTC) or Ethereum (ETH), which decentralizes the investment even more. Together with the main version of the desktop app, an Android and an iOS version of the software was launched. This way, people will be able to have access to the platform from anywhere.
The CEO of the company, Ivan Gowan, has affirmed that the arrival of tokenized securities in the financial market is bound to change how the investors use cryptos and other assets. He believes that by linking the price of stocks and shares to tokens, crypto investors will have a way of entering these markets without having to leave their crypto roots.
According to the exchange, over 1,000 tokenized securities will be offered to investors all over the world. Only blacklisted countries will not have access to the services at the moment. Technology for the worldwide expansion will be provided by Capital.com, which is regulated by the U. K. Financial Conduct Authority.
Equities, bonds, indices, and commodities will all be tokenized on the platform. This way, you can buy several tokens which will be able to mirror some important shares like Nasdaq or Apple. You can get all the benefits of investing in these companies without needing to buy the actual shares.
The company is also interested in tokenizing the government bonds of Belarus, where the exchange will be based. More governments bonds are expected to be added soon but there is no hint of which one will be next.
Currency.com will be a fully regulated Belarus company that will follow all the rules and regulation of the country, as well as the General Data Protection laws of the European Union.
Before the company actually left beta, it was trading $20 million USD monthly with 5,000 beta users, which registered on January 15. Now, the numbers will surely increase considerably in the next few months.
Other companies are following a similar path recently. For instance, the Gibraltar Stock Exchange announced recently that it would tokenize all of its stocks. The Singapore Exchange is planning to do the same while Swixx SIX Exchange has already started to create a solution that tokenizes its assets.