Trading Directly on the Polygon Network
According to Assetera CEO Thomas Labenbacher, all trading will occur directly on the Polygon network, leveraging atomic swaps to ensure seamless transactions. He emphasized that this platform will bring unprecedented liquidity and accessibility to blockchain trading, stating:
“The […] Polygon Proof-of-Stake mechanism ensures that we can scale this revolutionary platform sustainably without compromising on security or regulatory compliance.”
Comprehensive Wallet Support and Security Measures
Assetera supports a variety of wallet options, including:
- Custodial wallets
- Non-custodial wallets
- Bank-managed wallets
To enhance security, the firm has partnered with industry leaders such as Sumsub, Chainalysis, and Fireblocks to implement stringent anti-money laundering measures.
Regulatory Compliance and Market Adaptation
As a company regulated in Austria, Assetera holds MiFID II and Virtual Asset Service Provider (VASP) licenses. They plan to upgrade their compliance to meet Markets in Crypto Assets (MiCA) standards, enabling them to provide services across the European Union. This platform is designed to cater to both retail and professional clients.
Impact of EU MiCA Legislation
As of July 2024, the European Union’s MiCA legislation regulates stablecoins, prompting market adjustments. Non-compliant stablecoins are being blocked, while new, regulated stablecoins are emerging, shaping the future landscape of blockchain finance.
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