Belarus-based Currency.com is launching its own security token exchange. The platform will allow the trading of tokenized financial instruments with Bitcoin (BTC) or Ethereum (ETH).
Currency.com has launched its long-awaited security token exchange. The company said that it has 1,000 tokenized securities in the pipeline to offer to worldwide investors. Many of its listed tokenized projects will be common financial instruments like global indices, indices, and commodities.
As part of the launch, Currency.com is also unveiling its own tokenized Belarus government bond. It plans to add more corporate and government bonds as the platform develops.
Apps on both iOS and Andriod were released together with the platform. The exchange also features 50% margin close-outs and selling at a loss. The security token platform is fully-licensed, fully compliant under both Belarusian law and also EU’s own General Data Protection Regulations.
Already Trading over $20M Monthly
Since the beta was announced on January 15, Currency.com’s platform has been a hot topic. Over $20M is already being traded monthly with over 5,000 successful registrations. American investors, however, cannot use the platform due to regulations.
According to Ivan Gowan, CEO of Currency.com:
“The arrival of tokenized securities will completely change how investors can use their cryptocurrencies. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets.”
Although Currency.com claims it is one of the first licensed security token platforms, it is clearly not the first. It will have to compete with the likes of EU-regulated DX.Exchange and tZero.
Do you think Currency.com’s security token exchange will become one of the largest worldwide? Do you have high hopes for the platform? Let us know your thoughts below.
Image courtesy of Tech.eu.