Bitpanda launches blockchain for tokenized assets aimed at European banks, fintechs
Crypto broker Bitpanda launched Vision Chain, a blockchain built with Optimism, to facilitate tokenized asset issuance for EU financial institutions.Summary
Vienna-based crypto broker Bitpanda has launched "Vision Chain," a new blockchain network developed with the Vision Web3 Foundation and Optimism, designed to integrate tokenized assets into Europe’s regulated financial system.
The network aims to provide compliant infrastructure for banks and fintechs to issue and settle tokenized assets under EU regulations like MiCA and MiFID II. It utilizes euro-denominated stablecoins for transaction fees to mitigate volatility and leverages Optimism's Ethereum-based infrastructure for settlement and scaling.
This move positions Bitpanda within a growing industry race to build compliant blockchain rails for traditional securities, as firms seek to upgrade market plumbing for 24/7 trading. Bitpanda CEO Lukas Enzersdorfer-Konrad stated that while European institutions are ready for tokenization, the necessary infrastructure was missing, which Vision Chain aims to provide by combining public network openness with institutional reliability.
(Source：CoinDesk)