Bitpanda Debuts Vision Chain for MiCA-Compliant Asset Tokenization
Vienna-based crypto broker Bitpanda has launched a new blockchain network, Vision Chain, to provide European banks and fintechs with a regulated pathway for issuing and settling tokenized assets. Developed in collaboration with the Vision Web3 Foundation and leveraging Optimism's Ethereum-based infrastructure, the network is engineered to comply with the EU's Markets in Crypto-Assets (MiCA) and MiFID II frameworks. A key design feature is the use of regulated, euro-denominated stablecoins for transaction fees, shielding institutional users from the price volatility common to public cryptocurrencies and simplifying accounting.
Firms Race to Capture a Projected $18.9 Trillion Market
The launch positions Bitpanda within a global competition to build the financial plumbing for tokenized securities. The market for real-world assets (RWAs) onchain has already grown to $26.5 billion from $7.5 billion over the past year, according to data from RWA.xyz. A joint report from Boston Consulting Group and Ripple forecasts that the tokenized asset market could expand by 53% annually, reaching $18.9 trillion by 2033. Bitpanda enters a field that includes rival broker Robinhood, which is testing its own "Robinhood Chain," and established giants like Nasdaq and the New York Stock Exchange, which are also developing platforms for tokenized securities.
Tokenization is expected to redefine capital markets. European financial institutions have been ready for this shift for years, but the infrastructure has been missing.
— Lukas Enzersdorfer-Konrad, CEO of Bitpanda.
Bitpanda's strategy focuses on bridging traditional finance with blockchain technology by offering a solution tailored to Europe's regulatory landscape. According to CEO Lukas Enzersdorfer-Konrad, Vision Chain aims to provide the missing infrastructure for institutions, combining the transparency of a public network with the reliability and compliance that regulated entities require for mainstream adoption.