Bitpanda Launches Vision Chain for Tokenized Assets in Europe
- Bitpanda’s new blockchain, Vision Chain, aims to integrate tokenized assets into Europe’s regulated financial system.
- The network is developed with the Vision Web3 Foundation and utilizes Optimism‘s Ethereum-based infrastructure.
- Vision Chain will support banks and fintechs in issuing tokenized assets under EU regulations like MiCA and MiFID II.
- Transaction fees will be paid using euro-denominated stablecoins to mitigate crypto volatility.
- Tokenized assets are projected to grow at a rate of 53% annually, potentially reaching $18.9 trillion by the year 2033.
This launch reflects a broader trend among financial institutions seeking to modernize trading systems through tokenization, which enhances efficiency in asset management and trading processes.
With the Vision Chain, Bitpanda addresses the demand for compliant infrastructure as European financial institutions prepare for significant shifts in capital markets driven by tokenization.(Source)
