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Blocktrade, a leading digital asset trading platform since 2018, has chosen Tokeny‘s cutting-edge tokenization platform to tokenize its own equity, improving liquidity of the assets for its 5,000 shareholders.
As a fully licensed digital asset trading platform, Blocktrade is registered as a Virtual Asset Service Provider (VASP) with Estonian, Italian, and Slovenian regulators and is fully compliant with AML5 guidelines, offering services in Europe. These VASP registrations enable Blocktrade to offer exceptional access to cryptocurrency and alternative assets for individuals and institutions alike.
As evidence of its strong position, the company successfully raised a total of $25.8 million through a crowdfunding round from over 5,000 investors across Europe in 2021. Since then, these shareholders have expressed interest in the equity tokenization, allowing them to directly and easily manage and trade their equities, improving liquidity of their securities.
Blocktrade has selected Tokeny’s tokenization solutions for their tokenization using the ERC3643 standard —the token protocol for compliant tokenization— to allow not only peer-to-peer compliant transfers of tokenized equity but also having the possibility to allow their investors to connect to any authorized trading platforms, including Blocktrade’s own trading platform to exit their positions and potentially realize returns that may have otherwise been inaccessible or delayed.
We are thrilled to be working with Tokeny to leverage its tokenization engine to easily issue and manage tokenized equities. Tokenization is the future of digital asset trading, and we are excited to upgrade our equities to provide our investors with a fully digital and efficient experience to trade equities, which was historically impossible.
Blocktrade's commitment to being a pioneer in the digital asset space aligns perfectly with our mission to enable open, transparent, and real-time finance. We are excited to support Blocktrade in their journey, providing them with the tools necessary to tokenize assets and unlock new opportunities for their investors.
