Assetera, a blockchain-based investment and trading firm for financial instruments, has engaged Polygon to power its secondary market real-world-assets (RWAs) platform. The platform offers tokenized assets such as securities, funds, and money market instruments on a regulated digital trading platform. Assetera will use Polygon’s scalable Ethereum network to secure transactions and use stablecoins for purchase, clearing, and settlement to ensure a fast and efficient process.
The Austrian-regulated company holds MiFID II and Virtual Asset Service Provider (VASP) licenses and plans to upgrade to Markets in Crypto Assets (MiCA) standards, which will open the door to offering its services across the European Union. The platform is open to both retail and professional clients.
Tokenization refers to the placement of traditional financial assets, such as bonds and commodities, in the form of tokens on a blockchain to make buying, selling, and trading them faster and more transparent. There are a wide range of predictions among observers as to how much this market will be worth in the coming years, but many agree that it will be a multi-trillion dollar sector.
Image: Tokeny