Currency.com has announced the launch of its trading platform for tokenized securities, accessible to all types of investors who wish to be exposed to tokenized securities, which will track the underlying market price of common financial instruments, such as global equities, indices, and commodities.
The platform will issue over 10,000 tokenized securities that mirror the performance of financial instruments at the same economic costs and benefits. Currency.com allows investors to buy these tokens using Bitcoin (BTC) or Ethereum (ETH) and trade them on margin.
Ivan Gowan, Chief Executive Officer of Currency.com, said: “We are excited to be launching this revolutionary blockchain venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging cryptocurrencies into fiat money to do so. Currency.com is committed to providing users with superior security and fraud protection, and preventing any potential risks by leveraging the full traceability of blockchain transactions and adhering to the strictest regulatory standards set by Belarus’ Decree No. 8 ‘On the Development of a Digital Economy.”
Ivan Gowan is also the CEO of Capital.com, the sister platform regulated by the UK Financial Conduct Authority and the Cyprus financial watchdog CySEC. Currency.com leverages the same technology to offer users access to a tokenized version of a contract for exchange of any specific equity, commodity or index.
Viktor Prokopenya, Founder and CEO of VP Capital, commented: “Currency.com will disrupt and revolutionize financial technology on a large scale. Access to global financial markets has historically been available through one primary medium – the stock exchange – but Currency.com leverages ground-breaking cryptocurrency technology to create an opportunity for investors who might not have access to traditional stock markets otherwise. All this was made possible by the progressive Decree No. 8 ‘On the Development of a Digital Economy’ that was passed in Belarus. Belarus has become one of the most forward-looking countries when it comes to blockchain technologies and the first country in the world to create a dedicated legislative framework tailored to cryptocurrencies and their industry.”
Currency.com will be open to new users in a gradual process in order to ensure optimal functionality. The firm will roll out a referral program through its traders who will receive invitation codes that they can share with friends and earn 50% of their trading commission for their first 6 months of trading as well as $50 of free trading capital to each account during invite mode period.
The digital asset platform is licensed in Belarus following the adoption of the Decree No. 8 which legalizes businesses based on blockchain and operations related to mining, keeping, buying, selling, distributing, or exchanging cryptocurrencies, such as exchange services, digital tokens, initial coin offerings, and mining operations.
Currency.com users will gain access to the tokenized securities trading platform, a supplementary fiat-to-crypto trading platform that provides storage services and cross-crypto exchanges as well as Moonfolio, a free all-in-one cryptocurrency portfolio tracking app.