Nasdex Partners with STASIS
To Integrate EURS into the Tokenized Real-World Assets Marketplace
Tokenization has become a popular and ever-evolving financial world narrative in the digital asset realm. Nasdex and Stasis are boosting the profile of this sector through a new strategic partnership that lies in the pivotal integration of EURS, the leading euro-backed stablecoin, into Nasdex’s tokenized real-world asset (RWA) marketplace. This collaboration stands as a testament to the innovative spirit driving the convergence of traditional finance (TradFi) and decentralized finance (DeFi) once again, setting another milestone on the road to a better financial future.
The Genesis of Nasdex: Bridging TradFi and DeFi
The year 2024 marks a significant milestone in the blockchain timeline, signifying a crucial moment for the tokenization of real-world assets. Forecasts show that the total size of the tokenized asset market is projected to reach $16.1 trillion by 2030, signaling for increasing adoption and growth potential.
Nasdex, since its inception in July 2021, has positioned itself at the forefront of financial innovation. With a mission to meld the reliability and breadth of traditional financial assets with the flexibility and accessibility of DeFi, Nasdex embarked on a journey to tokenize a plethora of real-world assets. Initially focusing on Asian equities, the platform quickly expanded its ambitions to encapsulate a global array of assets including stocks, derivatives, and real estate. This strategic expansion aimed not only at diversifying investment opportunities but also at pioneering a system where global investment barriers are dismantled, thereby fostering a more inclusive and efficient investment ecosystem.
NASDEX, an ERC20 token symbolized as NSDX, boasts a capped supply of 100 million units and operates on the Matic/Polygon network. Initiated in July 2021, the project emphasizes security, underscored by a comprehensive audit from Big Bounty through Immunifi for its staking protocol and an additional audit by Armor for its token contract. NASDEX has expanded its regulatory footprint by acquiring offshore licenses for issuing tokenized securities in two jurisdictions: Cagayan, Philippines, and Labuan, Malaysia. Enhancing its market presence, NASDEX has also forged a strategic partnership with Rio Exchange, enabling the provision of licensed security products and services.
The essence of Nasdex’s innovation lies in leveraging blockchain technology to create a secure, transparent, and immutable ledger for transactions and ownership records. This approach has the dual benefit of enhancing the liquidity of high-value assets through fractional ownership and significantly reducing transaction costs by streamlining asset management and trading processes.
Joining STASIS: A foundation of stability
Parallel to Nasdex’s trajectory, STASIS has been carving its niche in the stablecoin domain since 2017, with EURS emerging as a formidable asset in stabilizing the volatile landscape of digital currencies. Hailing from Malta, a nation pioneering in cryptocurrency regulation, the company has developed EURS as a digital asset pegged to the euro, providing a reliable transaction mechanism that shields users from the tumultuous swings characteristic of the crypto markets. With a supply of over 30 million coins, EURS is emblematic of the growing demand for stablecoins that offer the advantages of digital assets without their associated risks.
As of today, STASIS manages and issues EURS, the oldest, largest, and legal stablecoin, accessible in 175 countries. Issued in 2018, STASIS EURO has zero conflict of interest and is audited by a top global firm — the BDO. All EURS assets are backed on a 1:1 basis with liquid euro balances or cash, and reserves are held at the Lithuanian Central Bank. With over 6B euros transferred on-chain, EURS supports 6 leading blockchains and the team is on a mission to add more, ultimately bridging the 16 Trillion euro economy with the blockchain!
The EURS Network, powered by EURS, is an integrated ecosystem encompassing various crypto exchanges, financial services and platforms, and digital wallets. This integrated environment aims to enhance the practicality and usability of the EURS stablecoin for various financial transactions.
The collaboration infuses the Nasdex marketplace with a stable, euro-backed medium, further enhancing the platform’s appeal by providing users with a reliable store of value and transaction currency. This integration is poised to attract a wider investor audience, bridging the gap for traditional investors making their foray into the DeFi space and providing crypto-savvy investors with a secure avenue for engaging with tokenized assets.
Strategic implications and market potential
The implications of this partnership extend far beyond the operational synergies between Nasdex and STASIS. By integrating EURS into its ecosystem, Nasdex bolsters its platform’s stability and liquidity. It also sets a precedent for the tokenization of real-world assets on a global scale, entering the Euro market and supporting the stablecoin backed by world’s second-largest currency. This strategic move is indicative of the shifting paradigms in global finance, where the convergence of TradFi and DeFi is opening up new avenues for investment, asset management, and financial inclusivity.
While the Eurozone is STASIS’ primary market, the appeal of EURS stablecoin extends far beyond its borders. For businesses and individuals outside the Eurozone, STASIS EURO provides a stable, efficient means of engaging with the European market, hedging against local currency volatility, and accessing DeFi platforms without the need for traditional banking. We’re also seeing interest from countries with high inflation or unstable currencies, where EURS offers a more stable store of value and means of transaction compared to their local fiat.
With a target market encompassing a combined capitalization of over USD 100 trillion, Nasdex is poised to redefine the global investment landscape. The platform’s innovative approach to tokenizing assets is designed to democratize access to investment opportunities, making it possible for individuals around the world to invest in assets that were previously out of reach due to geographic or financial barriers.
Innovation and expansion
As we look ahead, the partnership between Nasdex and Stasis is just the beginning of a broader movement towards the integration of stablecoins into tokenized asset marketplaces. This collaboration paves the way for future initiatives aimed at enhancing the security, efficiency, and accessibility of digital asset investments. With the ongoing evolution of blockchain technology and its increasing adoption in the financial sector, the possibilities for innovation and growth in tokenized asset markets are boundless.
In conclusion, the strategic alliance between Nasdex and Stasis represents a significant milestone in the journey towards a more interconnected, accessible, and efficient global financial ecosystem. By marrying the stability of EURS with the innovative tokenization capabilities of Nasdex, this partnership is not only transforming the way assets are traded and invested in but also charting a course for the future of finance, where the boundaries between TradFi and DeFi become increasingly blurred.
Nasdax is a decentralized exchange that empowers our users to trade and invest in a diverse array of tokenized real-world assets such as stocks, derivatives, and real estate.
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