Assetera has announced that it has selected Polygon’s blockchain to power its tokenization and trading platform for RWA (Real-World Assets).
Therefore, the EU-regulated platform of Assetera for tokenized Real-World Assets, which allows their trading on the secondary market, will be based on Polygon’s PoS blockchain.
The objective is to offer secure, fast, and transparent transactions.
What are RWA tokens?
RWA is an acronym that stands for Real-World Assets.
Real-World Assets, as the name itself suggests, are assets from the real world, meaning external to the crypto/blockchain world and commonly used, for example, in traditional markets.
RWA tokens are tokens that represent on-chain ownership of such real-world assets, thus allowing their exchange even on blockchain platforms.
The Assetera platform allows for the exchange of RWA tokens, in a fully regulated manner.
Assetera chooses Polygon’s blockchain for the tokenization of RWA
Assetera is one of the first regulated security token trading venues in the EU/EEA.
Allows the exchange of these tokens in a blockchain-based system, using Atomic Swaps for clearing and settlement. Additionally, it supports both custodial and non-custodial models.
It is authorized and supervised by the Austrian Financial Market Authority, and holds a full MiFID II license, which includes Portfolio Management and a VASP license, and is currently in the process of upgrading to a MiCA license, the new European crypto regulation.
Its platform for RWA is open to both retail and professional clients, allowing them to invest and trade any tokenized financial instrument.
Supports both custodial and non-custodial wallets, particularly among the latter the Embedded Wallet by Fireblock.
The objective of Assetera is to establish a new standard regarding regulatory compliance in the blockchain sector. And to ensure the highest level of security, it also uses advanced AML measures, including blockchain address screening and real-time transaction monitoring, thanks to partnerships with industry leaders such as Sumsub, Chainalysis, and Fireblocks.
Specifically, its platform provides, for example, companies looking to raise capital with a smooth process for security token offerings, and direct access for retail, professional, and institutional clients to investments and trading of tokenized financial instruments.
Polygon blockchain will give life to Assetera, among the first regulated RWA tokenization platforms for trading
Polygon is one of the first layer-2s of Ethereum to have succeeded.
The Assetera platform leverages Polygon PoS to execute trading activities directly on-chain, and to ensure that transactions are not only fast and efficient, but also secure and transparent.
The compensation and settlement through Atomic Swaps occurs using stablecoin for the purchasing processes, with reliability and speed but also compliance with regulatory requirements.
Being a layer-2 of Ethereum, Polygon has always aimed to minimize transaction execution times, while also reducing fees. For this reason, it can also be used to handle large volumes of micro-transactions.
An exchange like Assetera is presumed not necessarily to have to handle micro-transactions, but it definitely needs low fees to be interesting for users to use.
Furthermore, by using a solution based on a public blockchain, the Assetera platform can offer operations 24 hours a day, 7 days a week, 365 days a year, without the need for manual interventions.
The comments of the executives
The Global Head of Institutional Capital at Polygon Labs, Colin Butler, stated:
“The debut of Assetera on Polygon PoS marks a crucial moment in the blockchain sector, largely due to the unparalleled level of regulatory compliance that Assetera brings to the table. They are setting the benchmark for what a compliant and blockchain-based trading platform should be. This is the first time we see a secondary market platform for Real World Asset with this degree of regulatory rigor on any blockchain. It is exactly the kind of development that instills the confidence and security necessary for widespread adoption of tokenized assets. This means that users can interact with digital securities and RWA with a new level of safety and legitimacy. This is how we bridge the gap between traditional finance and the world of digital assets, and Polygon PoS serves as a great foundation for this initiative given its security, decentralization, and robustness”.
The CEO of Assetera, Thomas Labenbacher, added:
“This launch represents a watershed moment in the evolution of digital securities trading and the broader adoption of blockchain technology in traditional finance. For the first time, there is a fully regulated and blockchain-based venue for secondary market transactions of RWA. This opens up a world of possibilities for asset owners and investors, providing a level of liquidity and accessibility previously unimaginable. The robustness and energy efficiency of the Polygon Proof-of-Stake mechanism ensure that we can scale this revolutionary platform sustainably to meet the growing demand for tokenized real assets without compromising security or regulatory compliance”.
