Currency.com Launches Tokenized Apple Shares To Be Purchased With Bitcoin and Ethereum

A Belarus-based startup has launched a tokenized securities trading platform enabling investors to buy into traditional markets with bitcoin and ethereum.

Blockchain tech company Currency.com has announced the launch of its trading platform for tokenized securities.

The Belarus-based platform is intended to enable investors to trade and invest in common financial instruments such as equities, commodities, and indices directly, without having to convert their cryptocurrencies in fiat.

According to Tut.by, Victor Prokopenia (VP Capital) and Said Gutseriev (Larnabel Ventures) are investors to the project.

According to the official release, Currency.com, will eventually issue over 10,000 tokenized securities but will start with over 150, including everything from popular stocks to silver, oil and natural gas.

Users will be able to purchase tokens, which mirror the performance of certain conventional assets such as Apple shares listed on NASDAQ. It will cost the same price as an actual Apple share and can be bought with BTC or ETH.

Currency.com is the very first blockchain-based business licensed by Belarus’ High Technology Park (HTP) under the country’s Decree No. 8 “On The Development of a Digital Economy.”

Apart from being compliant with legislation of Belarus, the platform imposes strict KYC and AML requirements aided by blockchain intelligence services such as Elliptic, Chainanalysis, and Coinfirm. In other words, blockchain tracking software will be used to monitor transactions.

Additionally, Currency.com is going to use its FCA and CySEC regulated sister platform to offer access to the tokenized versions of a contract for the exchange of a specific index, commodity or equity.

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