Asset ManagementDigital Asset Exchange Binaryx Launches Tokenization Platform

PRNewswire PRNewswireJuly 6, 20214 min

Now Binaryx Customers Can Convert Their Real Asset Values Into Tokens and List Them on Exchange via a Single Platform

Binaryx, European digital asset exchange, announces the launch of its next-generation tokenization platform, empowering small and medium businesses to tokenize their assets to attract investments. Binaryx gains a competitive edge by combining digital asset exchange capabilities and asset tokenization services within a single platform.

“We want to help small and medium businesses that have gone through the startup stage and do not have enough capital by offering cost-efficient and time-consuming ways to scale. With the help of our tokenization platform, small and even micro- businesses can get support from their existing communities and attract private investors from all over the world,” comments Oleg Kurchenko, founder and CEO of Binaryx.

Genius Marketing, an EdTech company from Eastern Europe, is the first company to tokenize its business using the Binaryx platform. Genius Marketing offers entrepreneurs a variety of educational programs on digital marketing.

Currently, the Binaryx team has been working with businesses and asset managers to build a pipeline of European projects, compliant for tokenization within the platform, and also to create and provide a fair, transparent, and accessible tokenization framework for all participants. Among the front runners in the pipeline, there are several EdTech and AdTech businesses from Eastern Europe, which aim to attract investment for further expansion.

Tokenization of real economy assets is one of the top emerging trends, predicted by many analytical companies, to shape the financial ecosystem within the next decade. According to Deloitte, tokenization could unlock trillions of euros in currently illiquid assets, transforming the financial space into a much faster, cheaper, and inclusive ecosystem. The Transparency Market says the tokenization market to grow up to $7 billion by 2026. The World Economic Forum forecasts that 10% of the world’s GDP ($10 trillion) will be in the form of cryptographic assets within the next ten years.

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