Assetera, an investment and trading firm for blockchain-based financial instruments, has tapped Polygon to power its real-world asset platform.
The Austria-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 tapped Polygon to power its secondary market real-world-assets (RWAs) platform.
The platform offers tokenized assets, such as securities, funds and money market instruments in a regulated digital trading venue.
Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to ensure the process is fast and efficient.
The Austria-regulated company holds both MiFID II and virtual asset service provider (VASP) licenses, and plans to upgrade to meet Markets in Crypto Assets (MiCA) standards, which would open the door to offering its services across the European Union. The platform is open to both retail and professional clients.
Tokenization refers to putting traditional financial assets such as bonds and commodities in token form on the blockchain in order to make buying, selling and trading them faster and more transparent. There is a broad range of predictions among observers about how much this market will be worth in the years ahead, but many agree that it will be a multitrillion dollar sector.