, has recently launched a fully-functional regulated platform for tokenised securities, which allows investors to trade, invest in, and benefit from exposure to, real-world financial instruments by directly using .
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The company also announced that it has received a Series A $8 million investment from Larnabel Ventures and VP Capital.
Ivan Gowan, CEO of Currency.com, said:
“We are excited to be launching this revolutionary venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging into fiat money to do so. Currency.com is committed to providing users with superior security and fraud protection, and preventing any potential risks by leveraging the full traceability of transactions and adhering to the strictest regulatory standards set by Belarus’ Decree No. 8 ‘On the Development of a Digital Economy.’”
“Currency.com will disrupt and revolutionize financial technology on a large scale,” said Viktor Prokopenya, Founder and CEO of VP Capital. “Access to global financial markets has historically been available through one primary medium – the stock exchange – but Currency.com leverages groundbreaking technology to create opportunity for investors who might not have access to traditional stock markets otherwise. All this was made possible by the progressive Decree No. 8 ‘On the Development of a Digital Economy’ that was passed in Belarus. Belarus has become one of the most forward-looking countries when it comes to technologies and the first country in the world to create a dedicated legislative framework tailored to and their industry.”
Currency.com is accessible to all types of investors and will issue over 2,000 tokenized securities (starting with 200+), which will track the underlying market price of common financial instruments, such as global equities, indices and commodities. For instance, users will be able to buy a that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of an Apple share. Users will be able to buy these on Currency.com directly using () or (ETH), and will have the ability to trade them on margin.
To offer these capabilities, Currency.com leverages the technology of Capital.com, its sister platform regulated by the FCA and CySEC, to offer users access to a tokenized version of a contract for exchange of a specific equity, commodity or index.
Currency.com is the first business to be licensed by the High Technology Park (HTP) in Belarus following the of the Decree No. 8 ‘On the Development of a Digital Economy’. Decree No. 8 legalizes businesses based on the , providing a legal status for and smart contracts and legalizing operations related to , keeping, buying, selling, distributing, or exchanging , such as exchange services, digital , initial coin offerings and operations.
Currency.com is fully compliant with Decree No. 8 and implements best-in-class Anti-Money Laundering (AML) and Know Your Customer (KYC) laws and strict data and customer protection rules to the same level as the General Data Protection Regulations (). It has also developed robust in-house compliance mechanisms that ensure that all client deposits are protected by advanced security measures. This includes verification of all transactions by intelligence services such as Coinfirm, Elliptic and Chainanalysis.
The tokenized securities platform will be supplemented by a free platform for and exchanging using fiat money, storing holdings in a secure place and making cross-crypto exchanges; as well as Moonfolio, a free all-in-one portfolio tracking app which allows users to build a diversified portfolio from scratch.
Currency.com will be authorising new users on the platform gradually to ensure optimal functionality as the service scales. Users can apply to the wait list on the online platform. or register with an invitation code which is provided by the company. The Currency.com iOS and Android apps will be available for beta testing [from February 2019].
About
Founder and publisher of industry publication (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.
He sits on the advisory boards of some two dozen startups and has written over 1500 articles on technology and startups at News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat
Ad honorem – Honorary Ph.d – Chair Professor of at ‘s first University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation 4.0 programme. Chevalier (Knight) – Ordre des Arts et des Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of And (IDABC) as well as Advisory Board Member at U.S. Association.
Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission’s SME Instrument programme as a startup assessor and as a startup judge for the UK government’s Innovate UK division. Kastelein has spoken (keynotes & panels) on technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich
His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe
He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications.
He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.
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