Yesterday, February 1st, we presented the Token City Marketplace in Madrid with our CEO, Yael H Oaknin, who explained some of the activities carried out by the company, the scope that tokenization is having in the financial sphere and the role of the Token City Marketplace in all of it.
In the Token City Marketplace, companies and individuals can trade asset-backed tokens with each other. Through secured transactions handled entirely by a payment provider licensed by the Bank of Spain, company shares, and other assets can be purchased in exchange for euros or cryptocurrency (the DAI stablecoin).
"Token City is a bridge to what we call the tEconomy, the tokenized economy" - Yael explained - "From a legal point of view, it is an information society service provider that provides the technological infrastructure, the know-how and also the global network so that issuers of financial assets can create their markets."
Whether through its own regulated equity crowdfunding platform or through its partnerships with EAFIs, agencies, law firms and audit firms, Token City provides the compliance on behalf of for diverse companies that need to issue assets to finance themselves, aggregating their entire offering.
The Token City is organized by neighborhoods, according to the asset backing each token. You can find the startup district, the small business district, the renewable energy plaza, the real estate boulevard, Art Arena or Secured Loan Station. And of course, Token City is a lawful city that scrupulously and exhaustively complies with all legal guidelines.
In addition, Token City is connecting with global liquidity networks and other marketplaces around the world, for example in Singapore and Canada, to offer maximum liquidity to its clients. We are also working with Maker DAO to offer our clients the possibility to use their assets under management as collateral with which to apply for funding.
"There is talk of how big banks and financial operators have picked up on the potential of Blockchain technology, tokenization and cryptocurrencies. Morgan Stanley, BBVA, JPMorgan, etc…" - Yael - said.
"Maybe" - she continued - "you see tokenization as something far away from the companies around us, but I see you supporting artists in the area and I see you also buying bits of the best artworks on the planet, I see you financing companies around you, companies that are issuing tokens to all their community of fans, of customers, of employees, of investors, and I see you using them as collateral, lending them in exchange for an interest".
If you want to know more news, here is the full video of the Token City Marketplace presentation.
Token City is the ultimate bridge to the tokenized economy (tEconomy), in which tokenized companies (tEnterprises) create their cryptoasset markets (tMarkets), open to global investors (tCitizens).