Digital Assets: Bitpanda Launches Pantos Public Beta, a Multichain Token System

The team at Bitpanda is pleased to announce the launch of the Pantos public beta.

This is a major milestone for “developing technology-agnostic digital assets, and they’re proud to be part of it.”

Pantos, the “first” Multichain Token System, has been designed “to make digital assets truly interoperable.” This means you can “move your assets easily between different chains.”

Whether it’s Ethereum, Polygon, Avalanche, Binance Smart Chain, Cronos, Celo, or Fantom, you “can securely transfer your assets.”

The public beta is currently “live only on testnets.”

Pantos also “offers the possibility to wrap any native coin of the supported chains, making them blockchain-agnostic.”

The wrapped asset is “always backed 1:1 by the original asset and can be redeemed at any time. Wrapped multichain tokens offer the same flexibility as native Pantos tokens for already existing assets and open up new possibilities.”

Launching the Pantos public beta is “a huge step forward in making digital assets more accessible and user-friendly.”

The Pantos team has worked tirelessly “with researchers at some of the most renowned universities in Europe to develop the next generation of blockchain interoperability.”

At Bitpanda, they are committed “to bringing the power of digital assets to the masses, and the launch of the Pantos public beta is a step in that direction.”

With the ability to create your own Pantos multichain tokens, they “enable anyone to create tokens with built-in support for a constantly growing variety of supported blockchains.”

The Bitpanda team are inviting people to join them in celebrating the launch of the Pantos public beta and to be part of shaping the future of digital assets.

You can join the Pantos community on Telegram and work together “to bring the power of multichain tokens to the masses.”

You may head over to the Pantos announcement blog post to learn more about the public beta and all its new features.

As covered, Bitpanda, launched in Austria but now serving a broader European market, has set up a holding company in Switzerland, according to a report.

Bitpanda provides both a labeled and white-labeled Fintech as a service platform offering crypto trading, payments as well as traditional investments. Bitpanda GmbH is a registered digital assets service provider with the Austrian Financial Market Authority (FMA) and approved by the French Autorité des marchés financiers (AMF) under PACTE law. Bitpanda Payments GmbH also holds a PSD2 license. Last November, Bitpanda received a licence from the German Federal Financial Supervisory Authority, or BaFin, to provide custody and proprietary trading of crypto assets.

A recent report in DerStandard indicates that Bitpanda has gone through a bit of restructuring – ostensibly to gain access to the capital markets.

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