Assetera, a commercial -based commercial platform in Austria, introduced an API that allows cryptocurrency exchanges to offer tokenized financial products as government actions and bonds without requesting their own MiFid license.
The tool is designed to connect a gap in the European market, where strict financial rules have made it difficult for cryptographic platforms to admit tokenized values. It allows exchanges to integrate these offers directly into their platforms, while Assetera manages all compliance, including the knowledge of your client (KYC) and money laundering controls.
The API supports more than 60 tokenized values in the launch, including US Treasury Bonds., Blue Chip Equities and ETF. It is also compatible with tokens issued by supported finances and other suppliers. These offers legally comply with the 30 EU and EEE countries under the existing licenses of Assetera.
There is a decisive moment in adopting tokenized values. After the announcement of Finance backed by Xstocks, with more than 55 tokenized actions and ETF in Kraken, the race is underway so that the exchanges offer tokenized values to its users, Assetera said in a press release.
“This effectively crushes the two -level system that allows only larger players (such as Robinhood, Kraken and Gemini) accelerate in the lists of tokenized shares in Europe. With Assetera, any exchange can now legally launch tokenized values in weeks in place of years, while Assetera handles all compliance, custody and liquidation at the end,” said a company representative.
Assetera says that he is in conversations with a series of 20 best global encryption exchanges and waits up to one billion euros ($ 1.1 billion) in negotiation volume in his first year. This type of scale could make the tokenized values a conventional characteristic of cryptographic investment in Europe.
