ASSETHERA, a regulated trading platform based in Austria, has introduced an API that allows cryptocurrency scholarships to offer token financial products such as government actions and obligations without requesting their own MIFID license.
The tool is designed to fill a gap in the European market, where strict financial rules have made it difficult for cryptographic platforms to take charge of token titles. It allows exchanges to integrate these offers directly into their platforms while Assethera manages all the conformity, including the Know-Your-Customer (KYC) and anti-flary checks.
The API takes care of more than 60 tokenized titles at the launch, in particular the obligations of the US Treasury, the first -rate actions and the ETF. It is also compatible with the tokens issued by sustained finances and other suppliers. These offers are legally compliant in the 30 EU and EEA countries under the existing licenses of the Assettera.
There is a moment of the watershed in the adoption of token titles. After the announcement of sustained finance of XSTOCKS – with more than 55 actions and FNBs in Tokenized on Kraken – the race is launched for exchanges to offer tokenized titles to their users, said will be in a press release.
“This effectively crushes the two -level system that has only allowed the greatest players (such as Robinhood, Kraken and Gemini) to accelerate the lists of token scholarships in Europe. With actions, any exchange can now legally launch token titles in weeks instead of the years, while Asseta takes care of the compliance, the guard and the colony and the colony at the rear, “said a representative for the company by email.
Assethera says that he is in talks with a number of global crypto exchanges of the top-20 and waits up to 1 billion euros ($ 1.1 billion) in negotiation volume during his first year. This type of scale could make tokenized titles a traditional characteristic of cryptography investing in Europe.
