As a seasoned researcher with a keen interest in blockchain technology and its real-world applications, I find this partnership between Assetera and Polygon to be a game-changer. Having closely followed the evolution of both platforms, it’s clear that they are set to revolutionize the way traditional financial services are accessed and traded.
Assetera, a secure and regulatory-compliant platform dedicated to converting real-world assets into blockchain form, has formed a strategic alliance with Polygon, a leading Ethereum (ETH) scalability solution. This collaboration aims to establish Europe‘s inaugural marketplace for real-world assets (RWA). Based in Austria, the platform intends to leverage the Polygon network to introduce smart contracts that allow investors to trade tokenized financial instruments throughout the year.
Additionally, the Assetera platform aims to bring together liquidity for tokenized real-world assets on the blockchain without needing clearinghouses to handle trades. As explained by Thomas Labenbacher, CEO at Assetera, the marketplace operating on the Polygon network will use stablecoins to finalize trades through atomic swaps.
Consequently, the Assetera marketplace will make it possible for everyone to access conventional financial services through blockchain technology, all while adhering to regulatory standards.
According to Labenbacher, this innovation creates an unprecedented realm of potential for asset holders and financiers, offering a degree of liquidity and accessibility that was once considered unattainable. Moreover, the Polygon Proof-of-Stake system allows us to expand this groundbreaking platform in a sustainable manner without jeopardizing security or adherence to regulations.
Based in Europe, Assetera operates under the oversight of the Markets in Crypto-Assets (MiCA) regulation and possesses a full Markets in Financial Instruments Directive 2018 (MiFID II) license. Additionally, the Austrian Financial Market Authority has granted Assetera a Virtual Asset Service Provider (VASP) license to ensure smooth operations within the growing digital asset marketplace.
Additionally, the Assetera system utilizes smart contracts to link the web3 environment with conventional technology.
Why Assetera Opted for Polygon Network
The Ethereum network, represented by ETH $2616, has expanded into a significant platform for tokenization, attracting institutional investors aiming to expand their global business ventures. The creation of fiat-backed stablecoins and tokenized securities such as stocks and bonds has played a crucial role in Ethereum’s dominance in terms of the total value locked within its ecosystem.
In my current study, I’ve found that the total value locked within the Ethereum network stands at approximately $49 billion. Additionally, the market capitalization of stablecoins on this network surpasses $84 billion.
As a researcher delving into blockchain technology, I’ve noticed that directly using Ethereum for tokenizing real-world assets was somewhat restrictive due to its lower transaction speed compared to other platforms. To tackle this challenge, the Ethereum developers innovatively introduced layer two (L2) networks. Notably, the Polygon network has shown remarkable growth within this ecosystem.
Based on recent market figures, it’s estimated that the total value locked (TVL) within the Polygon network amounts to approximately 911 million US dollars. Additionally, the market capitalization of its stablecoins is roughly 2 billion US dollars.
By employing Zero-Knowledge (ZK) technology, the Assetera platform ensures both robust security and scalability.
Currently, the Assetera platform is collaborating with prominent web3 initiatives to establish substantial liquidity and smooth transactions. Notable partners of the Assetera platform include DigiShares, CashLink, Tokeny, SignD, Stobox, Atlas One, Talium Assets, and more.
As a researcher, I’m excited to share that our organization has already compiled a list of various assets, and we anticipate adding more in the imminent future. This surge is largely due to the increasing mainstream acceptance of digital assets and the burgeoning web3 initiatives.
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2024-09-25 16:09