Astetera opens tokenized securities market to crypto exchanges with mifid-compliant API
The Astetera, an Austria -based trading platform, has introduced an API that allows cryptocurrency exchanges to offer tokenized financial products such as government stocks and bonds without applying for their own mifid license.
The tool was designed to plug in a space in the European market, where strict financial policies made it difficult for crypto platforms to support tokenized securities. This allows exchanges to combine these offerings directly to their platforms as Astetera manages all compliance, including Know-Customer (KYC) and anti-money laundering checks.
API supports more than 60 tokenized securities in the launch, including US treasury bonds, blue-chip equities and ETFs. It is also compatible with tokens issued by backed finance and other providers. These offerings are legal following all 30 EU and EEA countries under the existing assetera licenses.
There is a moment of water in the adoption of tokenized securities. Following the announcement of Xstocks’ backed finance – featuring 55+ tokenized stocks and ETFs in Kraken – the race is for exchanges to offer tokenized securities to their users, Astetera said in a press release.
“It effectively breaks the two-tier system allowing only the largest players (Such as Robinhood, Kraken, and Gemini) To quickly track stocks of stock stock in Europe. In the assetera, any exchange can now legal to launch tokenized security in the weeks instead of years, as the assetera holds all compliance, care, and regulating behind, “a representative for the company via email.
Astetera said it was in conversations with a number of top-20 global crypto exchanges and expected up to 1 billion euro ($ 1.1 billion) in the amount of trade in its first year. This type of scale can make tokenized securities a key feature of crypto investment in Europe.
