Belarus’ Currency.com To Offer Tokenized Government Bonds

Belarus’ Currency.com To Offer Tokenized Government Bonds

May 9, 2019

Belarusian tokenized securities exchange Currency.com will begin offering trading and investing in tokenized government bonds. The exchange will issue a tokenized version of Belarusian government bonds on its platform and plans to include additional tokenized government and corporate bonds in future.

This is claimed to be the world’s first regulated trading platform for tokenized securities such as equities, indices, commodities as well as tokenized corporate and government bonds.

Users will be able to trade and invest in bonds using fiat money, Bitcoin (BTC) or Ethereum (ETH). The exchange is regulated by the High Technology Park of Belarus, the European blockchain regulator.

The exchange will also enable users to invest their cryptocurrency holdings in an entirely new asset class such as tokenized versions of equities, indices, commodities, with potentially lower risk and more predictable returns.

The linking of cryptocurrency to the price of stocks, shares and bonds helps holders of Bitcoin and Ethereum to access traditional financial markets.

The tokens will be denominated in US dollar and priced at $1,000, which corresponds to the cost of the underlying bond, but users will also have the option to buy fractional tokens. Users that have purchased a whole token can also request the transfer of the corresponding physical bond at any time.

Currency.com leverages the technology of Capital.com, its sister platform regulated by the U.K.’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Following the beta launch of the tokenized securities exchange in January, it is now opened up to the general public. It received 150,000 user registration requests after the beta launch, but capped it to 5,000 users. It has over 1,000 tokenized securities now available for global private and institutional investors to trade with Bitcoin, Ethereum or fiat money.

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