24
Tue, Dec
91 New Articles

Deloitte Legal Advises Currency Com Bel on Launch of First Regulated Tokenized Securities Exchange

Deloitte Legal Advises Currency Com Bel on Launch of First Regulated Tokenized Securities Exchange

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Deloitte Legal has advised Currency Com Bel LLC on launching Currency.com, the world’s first regulated tokenized securities exchange.

Deloitte Legal describes Currency.com as "the world’s first fully-functional trading platform for tokenized securities. It allows investors to trade, invest in, and benefit from real-world financial instruments by means of direct using of cryptocurrencies. More than 10,000 tokenized securities will be issued (starting with over 150). Each token will correspond to the base market value of shares, commodities, indices, and other traditional financial instruments. For example, those buying Apple.CX tokens will have the same economic costs and benefits of an Apple share."

According to Deloitte Legal, "the platform was authorized and regulated by the Hi-Tech Park as the first crypto-exchange in Belarus since the adoption of decree No. 8 – local cryptosphere regulations."

The Deloitte Legal team was headed by Moscow-based Senior Lawyer Vitaliy Kashin, working with a Deloitte Legal team in Belarus headed by Senior Lawyer Maksim Kovalyonok.