Assetera, a blockchain-based financial instruments investment and trading firm, 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 Polygon’s scalable Ethereum network to secure transactions and use stablecoins for purchasing, clearing and settlement to ensure a fast and efficient process.
The Austrian-regulated company holds MiFID II and Virtual Asset Service Provider (VASP) licenses and plans to upgrade to Markets in Crypto Assets (MiCA) standards, which will open the door to offering its services in the entire European Union. The platform is open to both private and professional customers.
Tokenization refers to the placement of traditional financial assets, such as bonds and commodities, in the form of tokens on a blockchain to make buying, selling and trading them faster and more transparent. Observers have varying predictions about how much this market will be worth in the coming years, but many agree it will be a multibillion-dollar industry.
Image: Tokeny