REAL Finance, a Layer 1 blockchain focused on tokenized real-world financial assets, has announced that its native token, $ASSET, is now available to eligible users on Kraken EU.
The expanded availability builds on $ASSET’s existing listing on Kraken and gives eligible users in Europe broader access to the token through the exchange’s EU operations.
$ASSET is used on the REAL Finance network for transaction fees, staking, network security, and on-chain governance.
The expansion comes as REAL Finance continues to develop its European infrastructure for bringing financial assets on-chain.
The network is designed to support the issuance, management, distribution and settlement of tokenized financial products in collaboration with regulated financial institutions and infrastructure providers.
REAL Finance’s European ecosystem includes Wiener Privatbank, an Austrian bank regulated by the Financial Market Authority (FMA), which supports custody, reserve management, asset structuring and institutional distribution.
“Europe is a key market for REAL Finance as we build the infrastructure connecting regulated financial institutions with onchain capital markets,” said Ivo Grigorov, CEO of REAL Finance.
The companies are targeting more than €3.5 billion in assets for tokenization through the REAL Finance ecosystem.
REAL Finance is also developing infrastructure that allows financial institutions to tokenize and manage real-world assets throughout their lifecycle, including issuance, custody, settlement, and secondary-market activity.
The post REAL Finance expands European access as $ASSET goes live on Kraken EU appeared first on Invezz
