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Alternative Market Briefing

Currency.com launches tokenised security platform

Wednesday, January 16, 2019

Laxman Pai, Opalesque Asia:

Currency.com, a Gibraltar-based trading platform for tokenised securities, has launched what it claims to be "the world's first fully-functional trading platform for tokenised securities."

The newly-launched platform allows investors "trade, invest in, and benefit from exposure to, real-world financial instruments by directly using cryptocurrencies," Currency.com stated in a press release.

The platform uses blockchain technology and wants to "turn traditional methods of investing on its head".

It plans to issue more than 10,000 tokenised securities that will track and mirror the performance of common financial instruments. For instance, a crypto investor would be able to buy a token tied to an Apple share on Nasdaq, etc.

According to the statement, the tokenised securities will track the underlying market price of financial instruments such as global equities, indices and commodities.

The company is able to offer this service by leveraging the technology of its sister platform, Capital.com, which is regulated by the Financial Conduct Authority and the Cyprus Securities and Exchange Commission.

Ivan Gowan, the CEO of Currency.com and Capital.com, said: "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."......................

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