"Trading Tokenized Securities" - Eye Catchy in 2019

“Currency.com”, a blockchain start-up, which is based at Belarus, has announced its launch of a trading platform for tokenized securities.

The company’s announcement came in on Tuesday that the clients would be facilitated direct trading and investing options in financial instruments using their platform via cryptocurrencies such as bitcoin or ethereum, without first converting to fiat.

They initially host about 150 tokenized securities, tracking the underlying market price of financial instruments such as equity and commodities, as per the announcement, while many resembling offerings would be in the pipeline in the upcoming future.

Well, we already reported in our previous post that the ancient method of trading and investment is taking paradigm shift into the tokenized mechanism, alongside the FinTech advancement. In addition to the above-mentioned recent instance of trading advancement, there have been many other cases, DE exchange who renders specialized services to those whose favorite company stocks such as Apple, Amazon, and Facebook could now be available on digital tokens.

DX Exchange reportedly appears to be on board with this latest trading facility as they universally broadcasted their announcement on Twitter on January 7th. Thereby, the clients at DX Exchange are also enabled to trade on tech stocks using digital tokens in addition to the existing business of popular cryptocurrencies.

Well, the tokenization mechanism hasn’t been the latest, we witnessed umpteen number of instances in the recent trend. Digix also has a DAO governance token (DGD) which allows access to the platform to tokenize any real asset. 

eToro also stated back in 2018 that - as we move toward a future where assets will become increasingly tokenized, it’s important to give investors access to the resources they need to invest in the assets they want and truly consider crypto-assets as part of their long-term investment plan.”

While the JP Morgan’s application of patent with the U.S. Patent & Trademark Office (USPTO) also summarizes a method whereby users on a distributed network such as a blockchain can tokenize assets and trade these virtual depository receipts. With these live pieces of evidence of growing interest in tokenization of trading or investing, one can understand that this has become a trending topic of 2019. 

Currency Strength Index: FxWirePro's hourly BTC  spot index was at -69 (bearish), USD is at -35 (bearish), while articulating (at 06:03 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex