Belarus-based tokenized securities exchange Currency.com has announced it is launching to the public today after a spell in beta mode since January. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets.”
The exchange says it has 1,000 tokenized securities on offer to investors worldwide (with the exclusion of those in the U.S. and on the Financial Action Task Force’s blacklist of high-risk nations). Financial Conduct Authority and Cyprus Securities and Exchange Commission-regulated sister firm Capital.com provides the underlying technology of the platform.
The exchange explained in the announcement that its tokenized products track the underlying market price of “common financial instruments, such as global equities, indices and commodities.”
“For example, users can buy a token that mirrors the performance of an Apple share on the Nasdaq … at the same economic costs and benefits of an Apple share,” it explained.
The platform may be the first to launch for trading in tokenized securities with cryptos as payment, but Gibraltar Stock Exchange announced that it would list tokenized stocks in early April. The Singapore Exchange said last summer that it was also planning a similar platform, while the Swiss SIX exchange has its in development already.