European crypto broker Bitpanda has launched a blockchain network called Vision Chain. This network helps banks and fintech firms integrate tokenised assets into regulated financial systems.
The network is built with the help of two partners: the Vision Web3 Foundation and Optimism. They used Ethereum-based infrastructure to make sure the network can handle a lot of transactions and is efficient. Vision Chain is designed to comply with regulations like MiCA and MiFID II.
One important feature of Vision Chain is that it uses euro-denominated stablecoins for transaction fees. This is helpful because it reduces the volatility that usually comes with crypto payments on blockchains.
The launch coincides with a global scramble among financial institutions to implement tokenisation. It is anticipated that the technology will greatly enhance the issuance, trading and recording of assets, potentially revolutionising capital markets.
According to Bitpanda’s CEO, the objective is to combine the transparency of blockchain networks with the dependability that conventional financial institutions warrant. Vision Chain may have a significant impact on the digital finance scene in Europe given the increasing interest in tokenised assets.
Source: X.com
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