A crypto-exchange trading in tokenized government bonds

launched in Belarus

The first in the history of Belarus kriptobirzha (adjustable platform Currency.com tokenized assets) has successfully completed beta testing and has started to work for a wide range of investors.

The exchange started in January 2019. It was launched by Larnabel Ventures, owned by Saidmar group board member Said Gutseriev. Another investor in the project was the company VP Capital of the Belarusian businessman Viktor Prokopeni.

In early May, the currency.com mobile app. became available on the App Store and Google Play. Now, crypto traders can invest and trade tokenized securities directly from their mobile phones.

The head of Currency.com, Ivan Govan, explained :

“The beta version has confirmed that the demand for such services exists and is growing throughout the world. The full launch of Currency.com is a significant step in recognizing the capabilities of cryptocurrency . They are becoming more regulated and are approaching traditional markets. I assume that the mobile application will become top-notch for investors thanks to its advanced tools that would otherwise be simply inaccessible to the crypto community. ”

'S TechCrunch @mikebutcher has just Be published an article on how https://t.co/utaDc9wnIa the users will of the BE Able to TRADE and invest in tokenized Government BONDS ? https://t.co/hodJoqNm93

– Currency.com (@CurrencyCom) May 3, 2019

After launching the beta version in January, Currency.com received 150,000 registration requests. Now the monthly trading volume on the stock exchange is $ 26 million. Initially, 150 types of tokenized exchange assets were available for private and institutional investors around the world, and since May their number has grown to more than a thousand.

As long as tokens can be bought for fiat currencies, as well as for bitcoin and ethereum . The plans of the exchange – to expand the list of cryptocurrency for transactions.

The site, launched and operating in full mode, has been tested and designed taking into account the needs of more than five thousand users of the beta version. Currency.com also introduced a referral program that encourages active users of the platform to invite friends to the platform: they will receive 50% of the referral friend’s commissions within six months.

Along with this, Currency.com began issuing tokenized government bonds – tokens corresponding to government bonds of the Republic of Belarus. Each issued token will be provided with a bond purchased by Currency.com on the Belarusian Currency and Stock Exchange. Initially Currency.com tokenized Belarusian government bonds of 252 issues.

The yield of tokenized bonds of the initial issue will be 4.2% per annum. One token is valued at one thousand US dollars, which corresponds to the cost of one Belarusian government bond. Users can purchase as a whole token as its part.

When acquiring a whole token, users can request a withdrawal of a bond to their account at any time. Owners of tokens will receive appropriate interest payments, as well as proceeds from the sale of tokenized bonds through Currency.com.

To purchase tokenized government bonds, you need to place an order on the Currency.com platform, which will issue a token corresponding to the tokenized bond. From the point of view of the economic result for investors (profits and losses from price changes, interest payments), this token is similar to the underlying bond. The token can be sold at any time, without waiting for the expiration of its circulation.

According to the investor in the stock exchange, VP Capital founder Viktor Prokopeni, government and corporate bonds are an elite class of assets inaccessible to cryptoinvestors, but Currency.com changes the situation.

Prokopenya remarked:

"This is an important historical moment, because the blockchain is used to democratize the global financial markets, and Currency.com heads this paradigm shift."

On April 12, the project of cryptobirds was presented at the exhibition of developments by the leading resident companies of the High-Tech Park ( HTP ), which was visited by President of Belarus Alexander Lukashenko. At the same time, Dmitry Ogievich, director of development for Currency.com, said that the exchange will start functioning in full format in the second quarter of this year.

Publication date 04/05/2019
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