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Currency.com launches tokenized securities trading platform

Tony Zerucha

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Blockchain technology company Currency.com this week launched a trading platform for tokenized securities. It allows investors to trade, invest in, and benefit from exposure to real-world financial instruments by using cryptocurrencies.

Currency.com said it is accessible to all types of investors and will issue more than 10,000 tokenized securities (starting with 150-plus) tracking the underlying market price of common financial instruments, such as global equities, indices and commodities. For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of an Apple share. Users will be able to buy these tokens on Currency.com directly using Bitcoin (BTC) or Ethereum (ETH), and will have the ability to trade them on margin.

To offer these capabilities, Currency.com leverages the technology of Capital.com, its sister platform regulated by the FCA and CySEC, to offer users access to a tokenized version of a contract for exchange of a specific equity, commodity or index.

“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,” CEO Ivan Gowan said. “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.

“Currency.com will disrupt and revolutionize financial technology on a large scale,” VP Capital founder and CEO Viktor Prokopenya said. “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.

“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 was licensed by the High Technology Park (HTP) in Belarus following the adoption of the Decree No. 8 On the Development of a Digital Economy. Decree No. 8 legalizes businesses based on blockchain, providing a legal status for tokens and smart contracts and legalizing operations related to mining, keeping, buying, selling, distributing, or exchanging cryptocurrencies, such as exchange services, digital tokens, initial coin offerings and mining operations.

The tokenized securities trading platform will be supplemented by a free platform for trading and exchanging cryptocurrencies using fiat money, storing holdings in a secure place and making cross-crypto exchanges; and Moonfolio, a free all-in-one cryptocurrency portfolio tracking app which allows users to build a diversified cryptocurrency portfolio from scratch.

Currency.com will be authorizing new users on the platform gradually to ensure optimal functionality as the service scales. The Company will also be rolling out a referral program through its traders who will receive invitation codes that they can share with friends.

An iOS and Android apps will be available for beta testing from February 2019.

The material is not to be construed as an offer or a recommendation to buy or sell a security. See full Terms of Service.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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