Tokn1 Achieves Comprehensive License for Digital Securities, Joining Global Leaders
In Brief
Tokn1, a leading player in the realm of Digital Securities, has achieved a significant milestone by obtaining a comprehensive license from Salvadoran authorities.
El Salvador, February 15th, 2024 – Tokn1, a leading player in the realm of Digital Securities, has achieved a significant milestone by obtaining a comprehensive license from Salvadoran authorities. This achievement places Tokn1 in an elite category, making it one of the pioneers in the world of regulated Digital Securities emissions, offerings (DSOs), and global trading.
Digital Securities and Real-World Asset Tokenization
Digital Securities represent a groundbreaking shift in finance. Real-World Asset Tokenization involves converting assets such as art, real estate, private equity, dept and bonds into Digital Securities. This innovation offers cost-efficient operations, immediate settlements, and heightened transparency compared to traditional systems. Furthermore, it facilitates fractional ownership, greatly enhancing asset liquidity and accessibility for a broader range of investors.
Why Choose Tokn1?
Tokn1 stands out as a specialized Digital Securities Suite dedicated to the tokenization of Real World Assets, Digital Security Offerings (DSOs), and Exchange. We bridge the gap between traditional finance and blockchain innovation, emphasizing security, transparency, and regulation. Our comprehensive license in El Salvador is a testament to our commitment to this financial evolution.
Expanding Influence in Europe
Tokn1 has also made its mark in Europe, entering the European Sandbox and collaborating with regulatory authorities such as ESMA and CNMV in Spain. This strategic move not only expands our reach across 27 European countries but also aligns with global regulatory norms.
This effort will provide a seamless infrastructure for companies to effortlessly issue, distribute, and manage tokenized RWAs via Tokn1, which follows the industry standard ERC3643, which makes use of reusable digital identities and verifiable credentials to ensure participation from only qualified investors.
Key Highlights
1. Prominent Positioning: Tokn1’s comprehensive license places it among industry leaders like Binance, positioning the company as a pioneering force in Latin America’s burgeoning digital securities market.
2. Rapid Achievement: Obtaining this license within an expedited timeframe underscores Tokn1’s dedication to innovation and regulatory compliance.
3. Unleashing Digital Securities: As global financial markets undergo transformation, Tokn1 stands at the forefront of the Digital Securities revolution.
In Number
– 2024 Total Market Capitalization: Over $342 billion
– 10% of Global GDP Tokenized by 2030: Estimated at $16.1 Trillion
– Up tp 40% Reduction in Issuance Cost, Post-Trade Settlement, and Asset Servicing
Strategic Alignment with El Salvador
Tokn1’s achievement aligns with President Bukele’s visionary efforts to position El Salvador as a global hub for blockchain and financial innovation. As the nation continues to gain international recognition since embracing Bitcoin as legal tender in 2021, the introduction of advanced market players like Tokn1 further solidifies its reputation.
Ricardo Mauas, CEO & Founder of Tokn1, commented on this significant milestone: “We are honored to receive this comprehensive license in a nation that’s rapidly shaping the future of finance. This move is a validation of Tokn1’s excellence and a testament to El Salvador’s progressive stance under President Bukele’s leadership. We look forward to unveiling state-of-the-art products and services tailored for the Salvadoran audience and playing a pivotal role in the nation’s financial evolution.”
Contact:
For more information, please visit www.tokn1.com
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
