Assetera Launches MiFID-Compliant API for Tokenized Securities Market

Assetera, an Austrian regulated trading platform, launched an API enabling cryptocurrency exchanges to offer tokenized financial products like stocks and government bonds without needing a MiFID license. This tool addresses challenges in the European market where regulatory restrictions hinder the provision of tokenized securities.

Key details include:

The API supports over 60 tokenized securities at launch, including U.S. Treasury bonds, blue-chip equities, and ETFs.
It is compatible with tokens from Backed Finance and other providers.
Offers legal compliance across all 30 EU and EEA countries under Assetera's licenses.
Assetera manages compliance tasks, including KYC and anti-money laundering checks.

Following Backed Finance's introduction of xStocks on Kraken, competition among exchanges to provide tokenized securities has intensified. Assetera stated that this development democratizes access to tokenized stocks, allowing various exchanges to launch offerings within weeks rather than years.

Assetera anticipates discussions with several top-20 global crypto exchanges and projects up to 1 billion euros (approximately $1.1 billion) in trading volume in its first year, potentially positioning tokenized securities as a mainstream element of crypto investing in Europe.