Tokn1 Secures Major Milestone with Comprehensive License in El Salvador
SAN SALVADOR, EL SALVADOR – 18/02/2024 – (SeaPRwire) – In a groundbreaking development heralding a new era in finance, Tokn1, a prominent figure in the Digital Securities realm, has reached a significant milestone by acquiring a comprehensive license from Salvadoran authorities. This remarkable feat elevates Tokn1 to an esteemed position, positioning it as one of the trailblazers in the realm of regulated Digital Securities emissions, offerings (DSOs), and global trading.
The Evolution of Digital Securities and Real-World Asset Tokenization:
Digital Securities signify a monumental shift in the financial landscape. Real-World Asset Tokenization involves the conversion of assets such as art, real estate, private equity, debt, and bonds into Digital Securities. This transformative innovation streamlines operations, ensures immediate settlements, and enhances transparency compared to conventional systems. Moreover, it facilitates fractional ownership, significantly augmenting asset liquidity and accessibility for a wider spectrum of investors.
Tokn1: The Premier Choice for Digital Securities:
Distinguished as a specialized Digital Securities Suite dedicated to the tokenization of Real World Assets, Digital Security Offerings (DSOs), and Exchange, Tokn1 bridges the gap between traditional finance and blockchain innovation. With a steadfast focus on security, transparency, and regulation, our comprehensive license in El Salvador underscores our unwavering commitment to this financial evolution.
Expanding Influence in Europe and Beyond:
Tokn1 has left an indelible mark in Europe by venturing into the European Sandbox and collaborating with regulatory authorities such as ESMA and CNMV in Spain. This strategic maneuver not only broadens our footprint across 27 European countries but also aligns with global regulatory standards. Our efforts aim to establish a seamless infrastructure for companies to effortlessly issue, distribute, and manage tokenized RWAs via Tokn1, adhering to the industry standard ERC3643, which employs reusable digital identities and verifiable credentials to ensure participation from only qualified investors.
Key Highlights:
Prominent Positioning: Tokn1’s comprehensive license places it in the ranks of industry leaders like Binance, solidifying its status as a pioneering force in Latin America’s burgeoning digital securities market.
Rapid Achievement: Securing this license within an expedited timeframe underscores Tokn1’s commitment to innovation and regulatory compliance.
Unleashing Digital Securities: As global financial markets undergo a transformative phase, Tokn1 spearheads the Digital Securities revolution.
In Numbers:
2024 Total Market Capitalization: Surpassing $342 billion
10% of Global GDP Tokenized by 2030: Estimated at $16.1 Trillion
Up to 40% Reduction in Issuance Cost, Post-Trade Settlement, and Asset Servicing
Strategic Alignment with El Salvador:
Tokn1’s milestone aligns harmoniously with President Bukele’s visionary endeavors to position El Salvador as a global blockchain and financial innovation hub. As the nation continues to garner international acclaim since embracing Bitcoin as legal tender in 2021, the introduction of advanced market players like Tokn1 further bolsters its reputation.
Commenting on this monumental achievement, Ricardo Mauas, CEO & Founder of Tokn1, expressed his honor in receiving this comprehensive license in a nation at the forefront of shaping the future of finance. This milestone serves as validation of Tokn1’s excellence and underscores El Salvador’s progressive trajectory under President Bukele’s guidance. Tokn1 eagerly anticipates unveiling cutting-edge products and services tailored for the Salvadoran audience, thus playing a pivotal role in the nation’s financial evolution.
Contact:
For more information, please visit www.tokn1.com
SOURCE: Tokn1
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