Prominent cryptocurrency exchange, Bitfinex is all set to foray into the world of traditional finance by offering tokenized equities and bond trading on its new trading platform – Bitfinex Securities. The platform is a regulated investment exchange in the AIFC Fintech Lab that aims at ramp up accessibility to a large set of financial products for eligible members who wish to diversify their portfolio.
“We’re pleased to announce, Bitfinex Securities Ltd, a regulated investment exchange designed to increase accessibility to a variety of innovative financial products.”
The official announcement also detailed that the Bitfinex Securities platform is designed to expedite the capital raising process for issuers seeking to have their tokenized securities publicly traded with the help of a seamlessly accessible “admission to trading” process. With the latest move, Bitfinex also intends to broaden access to a variety of innovative financial tools that also includes blockchain-based equities and bonds, in addition to investment funds.
Bitfinex Securities in brief:
According to the blog post, the platform will be available 24/7, which is how the cryptocurrency space works. In addition to that, the newly launched initiative will implement cutting-edge tech to reduce costs, enhance efficiency and optimize the success rate of capital raises. Overcoming these inconsistencies will enable investors to gain access to a cost-efficient, high-performing, and global security trading market.
Several other prominent cryptocurrency exchanges such as FTX and Bittrex Global have launched similar offerings. But the latest securities platform is unique from stock token trading, which is offered by the two aforementioned exchanges. One of the glaring differences, for instance, is that duo list tokens of stocks that are already public. On the other hand, Bitfinex Securities, which is based in Astana, Kazakhstan, revealed that it would list equities, bonds, or funds of private companies that are seeking to go public via a tokenized issue.