Belarus has launched a platform which allows traders to buy shares, gold, foreign exchange and other traditional assets with cryptocurrencies. The platform’s founders claim that it is the world’s first regulated tokenised securities exchange.
The platform, currency.com is accessible to all types of investors and will issue over 10,000 tokenised securities, which will track the underlying market price of common financial instruments, such as global equities, indices and commodities. Users will, for example, be able to buy a token that mirrors the performance of an Apple share on the Nasdaq at the same economic costs and benefits of an Apple share. Users will be able to buy these tokens on currency.com directly using Bitcoin or Ethereum, and will have the ability to trade them on margin.
“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,” said Ivan Gowan, the CEO of currency.com.
The technology behind the platform was developed by VP Capital and Larnabel Ventures.
“Currency.com will disrupt and revolutionise financial technology on a large scale,” said VP Capital’s founder Viktor Prokopenya. All traders must undergo a verification procedure to guard against money laundering.
The platform is based in the Belarus Hi-Tech Park and represents further progress in the country’s quest to become a leader in digital technology.
On January 16, Belarus was the subject of a special investment conference at the headquarters of the European Bank for Reconstruction and Development (EBRD) in London. At the event, the country’s Economy Minister Dmitry Krutoi said that the country was open to investors “more now than at any time” and highlighted the opportunities provided by the Hi-Tech Park, the China-Belarus industrial park Great Stone
and the recent creation of a number of free economic zones.