Highlights:
- Assetera launches a secondary tokenized RWA market on Polygon, offering investors tokenized securities and real-world assets.
- The platform supports 24/7 trading using stablecoins on Polygon, enhancing liquidity and accessibility for tokenized assets.
- Assetera is regulated under MiFID II and VASP licenses, planning to comply with MiCA for broader EU services.
Assetera launches a secondary tokenized RWA market on Polygon, marking Europe’s first regulated platform for trading tokenized real-world assets (RWAs). The platform operates on the Polygon blockchain network. It offers 24/7 trading of tokenized financial instruments and RWAs. This marks a significant step in merging traditional finance with blockchain technology.
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POLYGON TO HOST EUROPE'S FIRST REGULATED SECONDARY MARKET FOR TOKENIZED RWAS
– Assetera has chosen @0xPolygon to launch Europe’s first regulated secondary market for tokenized real-world assets (RWAs), CoinTelegraph reported.
Key Highlights:
– This partnership will reportedly… https://t.co/KyhFz8UPBa pic.twitter.com/JoCmynDlaf
— BSCN (@BSCNews) September 25, 2024
Revolutionizing Asset Trading with Tokenization
Assetera’s platform enables trading of tokenized securities, funds, money market instruments, and derivatives. It also includes RWAs like real estate and art. By leveraging Polygon’s Ethereum scaling network, transactions are fast, secure, and cost-effective. The use of stablecoins for purchase, clearing, and settlement ensures efficiency. Combined with atomic swaps, it allows seamless transactions without manual intervention.
Thomas Labenbacher, CEO of Assetera, said:
“Besides providing unprecedented liquidity and accessibility, this platform operates sustainably without compromising security or regulatory compliance. Moreover, utilizing Polygon’s Proof-of-Stake mechanism allows us to scale effectively.”
Trading on the platform is accessible to retail, professional, and institutional investors. Assetera supports both custodial and non-custodial wallets. This offers flexibility in asset management. Future plans include introducing bank-managed wallets to cater to a broader audience. Additionally, the platform operates around the clock. It provides continuous access to trading opportunities. This always-on approach enhances the overall trading experience.
Regulatory Compliance and Future Expansion
Assetera holds comprehensive MiFID II and VASP licenses. The firm plans to comply with the upcoming MiCA regulations. This will allow it to expand services across the European Union. Compliance ensures that Assetera operates within the evolving regulatory landscape. It provides confidence to investors.
The platform partners with Sumsub, Chainalysis, and Fireblocks. These partnerships enhance security and ensure robust Anti-Money Laundering measures. They are crucial in maintaining trust and integrity within the platform.
Moreover, the European Securities and Markets Authority is working on clarifying definitions within financial instruments. This will impact how platforms like Assetera operate. Assetera’s proactive approach to compliance positions it favorably in this changing environment.
By aligning with regulatory standards, Assetera is well-positioned. It can navigate the complexities of financial regulations. This ensures that it remains at the forefront of the industry.
The Growing Market of Tokenized Assets
Tokenization is transforming traditional financial assets. It brings them onto the blockchain, increasing speed and transparency in trading. Estimates suggest the tokenized asset market could reach between $1.3 trillion and $16 trillion by 2030. While projections vary, the consensus is that tokenization represents significant growth.
Analysts like Jamie Coutts of Real Vision estimate a market size of $1.3 trillion if the current growth rate continues. Reports from McKinsey & Company and the Global Financial Markets Association offer higher estimates. This highlights the potential of this market.
Tokenization, Blockchain Fee Income & #Ethereum
Wall Street projects that $10 to $30 trillion in traditional assets will be tokenized over the next 5 to 10 years. That seems overly optimistic, considering BlackRock, the second-largest asset manager, has $10 trillion in AUM.… pic.twitter.com/vnhw0StW6V
— Jamie Coutts CMT (@Jamie1Coutts) August 26, 2024
Major financial institutions are recognizing this trend. For instance, Goldman Sachs plans to launch new tokenization products. This is driven by growing client interest. Assetera’s launch aligns with this industry movement. It provides a regulated platform for tokenized assets. Furthermore, the introduction of compliant stablecoins following MiCA provisions has reshaped the market. Assetera’s use of stablecoins for transactions ensures compliance and efficiency in operations.
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