Assetera, a trading firm that invests in blockchain-based financial instruments, will leverage Polygon to power its platform.
Assetera will offer its clients tokenized assets such as securities, funds and money market instruments.
According to Coindesk, Assetera will offer Europe’s first regulated secondary tokenized real-world asset (RWA) marketplace and will leverage Polygon.
In a statement, Assetera stated that they will use the Ethereum scaling network Polygon to secure transactions and will use stablecoins for purchasing, exchange and payment transactions to ensure the process is fast and efficient.
Assetera will conduct transactions directly on the Polygon network using stablecoins for purchases, exchanges, and payments via atomic swaps. Transactions can be made 24/7 without manual intervention.
Thomas Labenbacher, CEO of Assetera, said:
“This platform opens up a new world for asset owners and investors, offering a level of liquidity and accessibility that was previously unimaginable.
The Polygon network will enable us to sustainably scale this revolutionary platform without compromising security or regulatory compliance.”
Assetera is regulated by the Austrian Financial Market Authority and holds a virtual asset service provider (VASP) license.
*This is not investment advice.