Assetera Enhances Financial Accessibility with 24/7 Tokenized Asset Trading 📈
Assetera, a regulated platform in Europe, now provides around-the-clock trading of tokenized assets via the Polygon blockchain. Working in tandem with Backed, it brings traditional securities from major firms including NVIDIA and Coinbase, aiming to make financial markets more transparent and inclusive. Let’s delve into the essential details of this development.
Innovative Collaboration: Assetera and Backed Transforming Financial Markets 🌍
Assetera, an exchange compliant with MiFID regulations, has unveiled the introduction of Backed tokens on the Polygon network. This initiative signifies a significant shift in the financial realm, allowing both retail and institutional investors outside the United States to access traditional securities as digital assets, available 24/7.
By leveraging Polygon’s Proof-of-Stake (PoS) protocol, Assetera establishes its position as a pioneering regulated platform for real-world assets (RWAs). Unlike existing platforms that rely on intricate multilateral trading systems (MTF), Assetera brings forth an innovative system that functions round-the-clock without manual intervention.
The partnership with Backed emphasizes a commitment to making global markets more accessible, presenting a fresh opportunity to engage with conventional securities using blockchain technology. Backed, through its bToken, encompasses a diverse range of assets, including shares from prominent companies, fixed-income products, and index funds.
Each bToken is entirely backed and issued based on a prospectus approved by the EU, offering investors enhanced transparency and security.
Diverse Tokenized Asset Portfolio Launch 🚀
The first tokenized assets introduced on the platform comprise:
- bCOIN: This token provides exposure to Coinbase, one of the leading cryptocurrency exchanges in the United States.
- bNVDA: This token mirrors the performance of NVIDIA, a frontrunner in the realms of artificial intelligence and chip development.
- bCSPX: This token replicates the S&P 500 index, offering diversified exposure to well-established stocks.
Additionally, Assetera has plans to roll out tokenized T-Bill ETF trackers and other offerings from Backed in the coming months. These instruments represent the inaugural blockchain-based securities accessible to retail investors on a continuous basis in Europe.
In the words of Thomas Labenbacher, CEO of Assetera:
“We are thrilled to work with Backed to introduce their tokenized assets on our platform. This alliance signifies our dedication to fostering innovation and empowering global investors. Through our regulated platform and atomic settlement capabilities, we are establishing new benchmarks for digital asset trading.”
Co-founder of Backed, Adam Levi, remarked:
“Our mission has always been to connect conventional finance with blockchain technology. This partnership with Assetera represents an essential advancement toward this goal, granting investors access to traditional financial assets in a regulated and on-chain setting.”
Investor Benefits in the New Landscape 🌟
Choosing Assetera offers numerous benefits for investors. Firstly, self-custody options are available, meaning bTokens can be held in any compatible wallet, ensuring flexibility and control.
Secondly, the continuous trading feature allows assets to be traded throughout the week, eliminating the constraints of traditional market hours. Furthermore, cross-chain mobility, enabled by Chainlink’s CCIP, allows bTokens to be transferred seamlessly across different blockchains.
Moreover, robust security is inherent in blockchain technology, with all transaction and ownership data securely stored on Polygon, providing transparency and assurance. The platform also offers global access, allowing eligible retail and institutional investors from various jurisdictions to acquire assets.
Recently, Assetera also integrated with the Republic Wallet, facilitating millions of users in purchasing bTokens directly through the wallet interface. This step considerably enhances the accessibility of tokenized assets while solidifying Assetera’s position as a leader in the industry.
Looking ahead, the platform plans to extend its services beyond the EU and EEA, currently pursuing licenses in Dubai and eyeing opportunities in African markets.
Embracing a New Era of Trading 🕒
As platforms like Assetera continue to innovate within the decentralized financial landscape, they work to enhance accessibility, security, and flexibility for investors around the globe. The future promises to bring more advancements in the realm of digital assets, aligning with the evolving needs of investors this year.
For further information, check out the sources linked below:
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