One of the latest venues to target the trading of tokenized securities is startup BPX which has now received a few authorizations from the UK’s Financial Conduct Authority (FCA). It has also applied to participate in the UK’s Digital Securities Sandbox (DSS).
The startup passed Gate one of the DSS alongside nine other entrants, with Euroclear as the only large incumbent. But in order to conduct any trading in a live environment it would need to pass Gate two.
BPX is particularly interested in enabling the trading of alternative funds including infrastructure and real estate funds, and enabling the assets to be used as collateral for lending.
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