HomeBelarusCurrency.com Raises $8m in Series A Funding

Currency.com Raises $8m in Series A Funding

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currencyCurrency.com, a Minsk, Belarus – based next-generation blockchain technology company, raised $8m in Series A funding.

Backers included Larnabel Ventures and VP Capital.

Led by Ivan Gowan, CEO, the company has launched its fully-functional trading platform for tokenized securities, which allows investors to trade, invest in, and benefit from exposure to, real-world financial instruments by directly using cryptocurrencies.
Currency.com is accessible to all types of investors and will issue over 10,000 tokenised securities, which will track the underlying market price of common financial instruments, such as global equities, indices and commodities.
For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of an Apple share. Users will be able to buy these tokens on Currency.com directly using Bitcoin (BTC) or Ethereum (ETH), and will have the ability to trade them on margin.

To offer these capabilities, the company leverages the technology of Capital.com, its sister platform regulated by the FCA and CySEC, to offer users access to a tokenised version of a contract for exchange of a specific equity, commodity or index.

Currency.com is licensed, authorized and regulated by the High Technology Park of Belarus under Decree No. 8 ‘On the Development of a Digital Economy’.

The company’s iOS and Android apps will be available for beta testing from February 2019.

FinSMEs

15/01/2019

 

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