Security tokens at Bitpanda are aimed at enabling new era of investing.
The European Fintech firm recently shared that Bitpanda is the first crypto platform to make this particular asset class available to potentially millions of retail investors.
All Bitpanda customers are now able to invest in security tokens, starting with Steelcoin — which is described as Vienna-founded token linked to the value of steel products and traded on the Ethereum blockchain.
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda stated that tokenization is the future of investing and we want to shape that future.
Lukas explained that security tokens are a truly innovative asset class that brings traditional financial assets onto the blockchain.
They added that it is the ideal example of how technology from the crypto world can improve the financial system.
All partners can now opt-in and enable the security token as part of the digital asset offering, giving their end-customers a broad variety to invest in.
Bitpanda further noted that you may now keep an eye out for more updates and a blog post where we’ll dive deeper into what security tokens are and how they’re transforming the investment world.
Although security tokens have now been around for some time, it appears that real-world assets (RWAs), digital securities, and security tokens are really gaining traction as of late. It still remains unclear as to how impactful security tokens will be to the world of finance in the future. Regardless of their actual potential, they do represent a promising Fintech innovation that is being adopted by global financial industry participants as the crypto and blockchain space continues to evolve.