Overview
- Bitpanda, which unveiled Vision Chain Wednesday, says the public blockchain will let European institutions issue and settle tokenized assets.
- The network was built with the Vision Web3 Foundation and Optimism and uses Optimism’s Ethereum tools for scaling and settlement.
- Transactions pay fees in euro-pegged stablecoins to keep costs predictable and to avoid swings in crypto token prices.
- The design targets compliance with EU rules such as MiCA for crypto assets and MiFID II for securities markets to meet regulatory safeguards.
- Bitpanda enters a field that includes Robinhood, Nasdaq, and NYSE, with industry research projecting tokenized assets could grow about 53% a year to $18.9 trillion by 2033.