Assetera Leverages Polygon to Launch Real-World Asset Trading Platform

Assetera, an investment and trading firm for blockchain-based financial instruments, has chosen Polygon to support its platform for real-world assets. The firm is set to offer a range of tokenized financial instruments, including transferable securities, money market instruments, fund units, derivatives, and real-world assets (RWAs) like real estate and art. Powered by Polygon, the platform will enable secure and efficient transactions, utilizing stablecoins for purchases, clearing, and settlements.

Assetera CEO Thomas Labenbacher told Cointelegraph that trading will occur directly on the Polygon network, with atomic swaps facilitating seamless transactions. He emphasized that the platform will provide unprecedented liquidity and accessibility for blockchain trading.

““The […] Polygon Proof-of-Stake mechanism ensure[s] that we can scale this revolutionary platform sustainably […] without compromising on security or regulatory compliance,” Labenbacher noted.

Assetera supports both custodial and non-custodial wallets, as well as new bank-managed wallets, and partners with Sumsub, Chainalysis, and Fireblocks to implement anti-money laundering measures.

The Austria-regulated company holds MiFID II and virtual asset service provider (VASP) licenses, with plans to upgrade to meet Markets in Crypto Assets (MiCA) standards, enabling service offerings across the European Union. The platform will cater to both retail and professional clients.

As of July 2024, the EU's MiCA legislation regulates stablecoins, leading to market adjustments with non-compliant stablecoins being blocked and new, regulated stablecoins emerging.