Assetera Opens Tokenized Securities Market to Crypto Exchanges With MiFID-Compliant API

Assetera, a reputable trading platform based in Austria, has recently unveiled an innovative API that is set to revolutionize the way cryptocurrency exchanges offer tokenized financial products such as stocks and government bonds. This groundbreaking tool eliminates the need for exchanges to obtain their own MiFID license, thus simplifying the process and opening up new opportunities in the European market.

The European market has long been burdened by stringent financial regulations that have made it challenging for crypto platforms to support tokenized securities. With the introduction of Assetera’s API, exchanges now have the ability to seamlessly integrate a wide range of tokenized securities into their platforms. Assetera takes on the responsibility of managing all compliance aspects, including necessary know-your-customer (KYC) and anti-money laundering checks.

At its launch, the API already supports over 60 tokenized securities, including popular options such as U.S. Treasury bonds, blue-chip equities, and ETFs. Moreover, it is fully compatible with tokens issued by reputable providers like Backed Finance. These offerings are legally compliant across all 30 EU and EEA countries under Assetera’s existing licenses, providing exchanges with a reliable and trustworthy solution.

The introduction of this API marks a significant milestone in the adoption of tokenized securities. With the recent announcement of xStocks by Backed Finance, featuring over 55 tokenized stocks and ETFs on Kraken, there is a growing demand for exchanges to offer these products to their users. Assetera believes that their API levels the playing field, allowing exchanges of all sizes to quickly and efficiently launch tokenized securities on their platforms.

According to a representative from Assetera, the company is currently in discussions with several top-20 global crypto exchanges. They anticipate up to 1 billion euros ($1.1 billion) in trading volume within the first year of operation. This level of success could potentially make tokenized securities a mainstream feature of crypto investing in Europe, opening up new possibilities for investors and exchanges alike.

In conclusion, Assetera’s new API is set to redefine the landscape of tokenized securities in Europe. By providing exchanges with a seamless and compliant solution, the platform is paving the way for greater adoption and accessibility in the market. With the potential for significant growth and expansion, tokenized securities may soon become a staple in the world of crypto investing.