The Blockchain technology is rising!
The Belarusian startup has launched a securities trading platform that allows investors to enter traditional markets with bitcoin and Ethereum. The Blockchain Technology Company – Currency.com, announced the launch of its securities trading platform.
The platform, based in Belarus, aims to enable investors to trade and invest directly in common financial instruments such as stocks, commodities, and indices without having to convert their cryptocurrency into Fiat.
Trading popular stocks
According to the official announcement, the starting will be with 150 tokenized assets and will continue to grow over 10 000. You will also be able to trade the popular assets like silver and oil.
Typical platform but crypto
Consumers will be able to buy tokens that reflect the performance of some standard assets, such as Apple’s stock (quoted on NASDAQ). It will cost the same price as Apple’s actual share and can be bought with BTC or ETH. Currency.com is the first block-based business licensed by the Belarusian High Technology Park (HTP) under the country’s Decree No. 8 “On the development of the digital economy”.
In addition to complying with local law, the platform imposes strict requirements for KYC and AML, assisted by intelligence service. In other words, block tracking software will be used to monitor transactions.
In addition, Currency.com will use its FCA and CySEC regulated sister platform to offer access to the tokenized versions of a specific index, commodity or equity exchange contract.
So, that’s the future?
Earlier this month, it was reported that the Estonian platform, called DX Exchange, would offer consumers the opportunity to trade large-scale assets using tokens in the Etherium block through intelligent contracts.
Huge companies joining
Meanwhile, in 2018, Singapore’s monetary authority (MAS), the country’s central bank, joined forces with large companies such as Deloitte, Anquan and NASDAQ to develop solutions for the simultaneous exchange and settlement of digital currencies and assets that are valuable papers. It appears that the classification of traditional assets as shares is becoming a growing trend, as the number of platforms that allow this increases with each day.