Digital asset firm Tokeny Solutions has partnered with Monerium to boost the accessibility of digital securities by enabling a digital euro to secondary transfers, according to a note from the company.
Monerium is a regulated Electronic Money Institution (EMI) licensed to operate in the European Economic Area and the UK. Monerium allows individuals, companies, and platforms to securely manage and automate the flow of money on and off blockchains. Monerium claims to be the first, and only, EMI to offer money on blockchains and blockchain bank account numbers.
Tokeny Solutions is a European digital asset platform that facilitates the primary issuance and management of security tokens. Tokeny has always taken a compliant approach to digital assets.
The partnership aims to allow traditional investors to benefit from the investment opportunities brought by blockchain at ease. The Monerium IBAN solution allows investors to send euros directly between their bank accounts and blockchain wallets. Tokeny has now added this fiat-gateway solution within its Billboard platform to allow investors to express their intentions and trade security tokens pairs for digital euro.
Tokeny already enables issuers to provide a secondary market for their investors. But the company explains that investors have been forced to exchange fiat money for stable coins on crypto exchanges prior to their peer-to-peer security token transaction, making the transfer complex, costly and slow. Now this will change as they can send money directly from their bank accounts to blockchain wallets, and back, instantly, seamlessly, and without the slippage and costs of going through an exchange.
Luc Falempin, CEO Tokeny Solutions, says that Monerium’s simple solution brings greater accessibility to non-crypto investors.
“The more investors that join the ecosystem, the more they will benefit from positive network effects.”
Sveinn Valfells, CEO of Monerium, added:
“Tokeny is pioneering peer-to-peer marketplaces for digital securities and helping bring more liquidity to private markets. Having money and securities on the same ledger enables real-time delivery-vs-payment at lower cost and with lower execution risk than in current systems. We look forward to providing issuers and investors using the Tokeny Billboard ecosystem with authorized forms of money.”