Assetera, a blockchain-based investment and trading firm, partnered with Polygon to establish Europe’s first regulated marketplace for tokenized real-world assets (RWAs).
The platform will facilitate the trading of tokenized securities, funds, and money market instruments in a digital environment that is both secure and efficient.
Assetera will implement stablecoins for the purchase, clearing, and settlement processes while employing Polygon’s Ethereum scaling network to facilitate rapid and cost-effective transactions.
Assetera is subject to Regulation Under MiFID II
The Austrian organization is currently subject to regulation under the MiFID II framework and maintains a virtual asset service provider (VASP) license.
It is preparing to comply with the forthcoming Markets in Crypto Assets (MiCA) regulations, enabling it to broaden its services throughout the European Union.
The platform is accessible to professional and retail investors, which is indicative of the increasing trend of tokenizing traditional financial assets such as commodities and bonds.
The procedure, which involves the integration of traditional assets into the blockchain, is expected to enhance the speed and transparency of trading.
MiFID II does not provide a definitive definition of a financial instrument; instead, it offers examples, leaving the intricacies to be determined by individual countries.
In April, the European Securities and Markets Authority (ESMA) published a consultative document to resolve this uncertainty.
In July, ESMA collaborated with the European Banking Authority and the European Insurance and Occupational Pensions Authority to reevaluate the classification of crypto assets.
Meanwhile, the MiCA regulation’s provisions regarding stablecoins became effective on July 1, preceding other components of the regulatory framework.
This led to an immediate market reshuffling, as non-compliant stablecoins were restricted in Europe, and new, compliant stablecoins were introduced.
Tokenized Asset Market Could Reach $1.3T by 2030
Certain crypto community members have questioned a recent projection that tokenized real-world assets (RWAs) could reach an astounding $30 trillion by 2030.
Jamie Coutts, the principal crypto analyst at Real Vision, is one of the critics. He maintains that a more realistic valuation is closer to $1.3 trillion.
The market could reach $1.3 trillion by 2030 if the current compound annual growth rate (CAGR) of 121% for tokenized assets persists, as Coutts noted.
Other industry specialists concur with Coutts’ cautious assessment.
According to a recent report by McKinsey & Company, tokenized financial assets have experienced a “cold start” but are anticipated to expand to a $2 trillion market by 2030.
In the interim, the Global Financial Markets Association (GFMA) and Boston Consulting Group have projected that the global value of tokenized illiquid assets will exceed $16 trillion by 2030.
Citigroup’s estimates are even more conservative, indicating that tokenized digital securities could be issued from $4 trillion to $5 trillion by 2030.
Major corporations are taking substantial steps in the tokenization sector to acknowledge this potential.
For example, Goldman Sachs intends to introduce three new tokenization products later this year in response to the increasing interest of its clients.
