Assetera taps Polygon for EU’s first regulated secondary market for RWAs

Assetera has selected Ethereum scaling network Polygon to host Europe’s first regulated secondary market for real-world assets. The platform will offer a range of tokenized financial instruments and RWA to retail, professional and institutional clients.

Assetera will reportedly offer tokenized financial instruments, including transferable securities, money market instruments, fund units and derivatives, as well as RWAs such as real estate and art.

The Polygon-powered platform will be designed to enable secure transactions and efficient processes by leveraging stablecoins for purchasing, exchange, and payments. Polygon also recently secured new listings from INX Digital Company and Backed, which expanded its tokenized stock offerings to include Tesla, Nvidia, and Google.

Trading will be done directly on the Polygon network, with purchases, exchanges and payments made with stablecoins via atomic swaps, Assetera CEO Thomas Labenbacher told Cointelegraph on September 25.

He believes the platform will provide asset owners and investors with “a level of liquidity and accessibility that has never been imagined before” for blockchain trading.

“” […] The Polygon Proof of Stake mechanism provides:[s] We can sustainably scale this revolutionary platform […] “Without compromising safety or regulatory compliance,” Labenbacher said.

For transactions, Assetera supports custodial and non-custodial wallets, as well as new bank-managed wallets. The company partners with Sumsub, Chainalysis, and Fireblocks for anti-money laundering measures.

Assetera operates under the Markets in Financial Instruments Directive II, a key regulatory framework governing financial markets in the European Union. In addition, Assetera holds a virtual asset service provider license.

The company plans to upgrade its services to meet Crypto Asset Markets regulatory standards to enable broader trading services in the EU.

As of July 2024, EU regulations for crypto, known as the MiCA bill, already have regulations on stablecoins. These provisions have led to a re-regulation of the market, with non-compliant stablecoin sales being blocked in Europe and newly regulated stablecoins emerging.