Currency.com is a Belarus-based tokenized securities exchange and it has officially announced its launch to the public today after the successful beta testing in January. The altcoin news coming from Belarus claims that the platform is the first of its kind in the world.
According to the announcement, Currency.com is the first exchange of its nature that allows investors to trade and invest directly in tokenized financial instruments and the payments can be made using Bitcoin (BTC) or Ethereum (ETH) directly as well. The platform also launched two apps for iOS and Android users which allow them to access the exchange on the go. Other features include the 50 percent margin closeouts and the selling at loss feature.
Currency.com CEO Ivan Gowan said:
“The arrival of tokenized securities will completely change how investors can use their cryptocurrencies. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets.”
Currency.com says that it has 1,000 tokenized securities to offer investors worldwide without the US and Financial Action Task Force blacklist investors. The UK Financial Conduct Authority in partnership with the Cyprus Securities and Exchange Commission-regulated Capital.com company are the ones to provide the technology for the platform.
As it was mentioned in the latest cryptocurrency news at TechChurch, currency.com also launched a tokenized Belarus government bond with the intention of adding more government bonds in the future. The company has also previously stated that it is a fully compliant blockchain-based company under the laws of the country. It also follows the anti-money laundering rules as well as the know-your-customer rules but the EU’s General Data Protection regulations as well.
According to the announcement, Currency.com is now trading more than $20 million per month with about 5,000 users successfully registered during the beta trials in January. The exchange could be the first to launch trading for tokenized securities using crypto as payments but the Gibraltar Stock Exchange also announced to be listing tokenized stocks starting this year. The Singapore Exchange also stated last summer that the country is working on launching a similar platform while the Swiss SIX exchange already started on the development.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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