Currency.com has announced the launch of the world’s first platform capable of trading security tokens, i.e. equities and bonds on the blockchain.
This platform allows traders to jointly leverage both traditional and virtual currency financial instruments by directly and automatically switching from one system to another.
The goal of the platform is to manage more than 10,000 tokenised assets, although, for now, there are only 150.
It will be possible to buy Apple shares at the same price and conditions that are offered on the NASDAQ market, thanks to the purchase of APPLE.CX with payment in cryptocurrencies on the Currency.com platform.
On this platform, it will be possible to make leveraged speculations that are also possible on ordinary stock markets.
In order to carry out this project, Currency.com was based on the technology of the twin platform Capital.com, regulated by the UK FSA and the US SEC.
Viktor Prokopenya, CEO of VP Capital, commented on the innovation:
“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 groundbreaking cryptocurrency technology to create opportunity for investors who might not have access to traditional stock markets otherwise“.
The company’s whitepaper states that for each asset purchased on the Currency.com platform it will purchase an equivalent financial asset to be placed in custody, thus allowing a complete backing of the token.
Details of the backing of the assets to be purchased have not been disclosed, but it is likely that the company has already activated the necessary channels for the deposit and custody of financial assets, although nothing has been made public in this regard.
In terms of the AML-KYC procedures, the company fully complies with Belarusian regulations, developed specifically for the international market.
Who are the possible customers of this trading platform?
Although open to all operators, we can assume that the main operators will be investors in cryptocurrencies who want to extend their range of action to ordinary shares or large Russian financial investors who, for reasons of political opportunity, cannot transfer their funds directly to the US.
The platform also aims at listing ICO futures that comply with Belarusian financial rules.