A Belarus-based blockchain startup named Currency.com has launched a new platform (Jan 15) for trading tokenized securities.
The company’s announcement said it would allow investors to trade and invest directly using Bitcoin or Ether, without needing any fiat conversion. Tokens bought reflect the performance of major financial instruments both at home in Belarus and abroad, such as Apple shares or a Nasdaq stock.
Currency.com plans to start with over 150 tokenized securities on their platform with the goal of expanding to 10,000 similar offerings in future. It is providing its services by leveraging its sister company Capital.com, which is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Currency.com also claims to be “the first blockchain business to be licensed by the High Technology Park (HTP) in Belarus following the adoption of the Decree No. 8 ‘On the Development of a Digital Economy’”.
The platform received 2,000 registration applications within the first two hours of its launch, according to Reuters. It also noted that while the Belarusian government has not commented on the new platform, the launch was covered by state news agency BelTa.
This is not the first platform to trade tokenized securities. TheCryptoSight also reported earlier that Estonia-based DX.Exchange launched a trading platform allowing clients to purchase tokenized versions of shares in 10 companies listed on Nasdaq.