Assetera, an investment and trading firm for blockchain-based financial instruments, has engaged Polygon to power its real-world asset platform.
The Austrian-regulated company holds both MiFID II and Virtual Asset Service Provider (VASP) licenses and plans to upgrade to meet MiCA standards.
Assetera, an investment and trading firm for blockchain-based financial instruments, has engaged Polygon to support its secondary market real-world assets (RWA) platform.
The platform offers tokenized assets, such as securities, funds and money market instruments, on a regulated digital trading platform.
Assetera will use the Ethereum scaling network Polygon to secure transactions and use stablecoins for purchasing, clearing and settlement to ensure the process is fast and efficient.
The Austrian-regulated company holds both MiFID II and Virtual Asset Service Provider (VASP) licenses and plans to upgrade to comply with the Markets in Crypto Assets (MiCA) standards, which would open the door to offering of its services throughout the European Union. The platform is open to both private and professional customers.
Tokenization refers to placing traditional financial assets such as bonds and commodities in token form on the blockchain to make buying, selling and trading them faster and more transparent. There is a wide range of predictions among observers about how much this market will be worth in the coming years, but many agree that it will be a multi-billion dollar industry.
Read more: Polygon begins token exchanges in an effort to enable more issuance