SINGAPORE – Virtuse Exchange has announced that their next-generation exchange, which will allow all users to create and trade their own financial instruments. It is now viewable for demonstration on a working alpha to select partners and press. At launch, the Virtuse Exchange will offer users the pairing of crypto and traditional assets, like Bitcoin/Gold, and in phase II will enable the “tokenization” of assets and the creation of DACTs, or Digital Asset Collateralized Tokens, which combine the best aspects of digital and real-world investments.
By creating DACTS, users with no technical experience will be able to tokenize traditional assets with a tangible value such as an equity, bond, commodity, and future. The DACT will represent ownership of that asset but will reside in the Ethereum Blockchain-based Virtuse ecosystem, making traditional investments accessible to all users by eliminating middlemen and associated fees and breaking down antiquated barriers to entry in these markets.
“Virtuse Exchange has innovated the entire financial space as we know it by creating Digital Asset Collateralized Tokens (DACTs) — asset-backed crypto investments in stocks, bonds, commodities and other funds and now we are ready to show this game-changing platform to the world,” Rastislav Vasilisin, CEO and Founder of Virtuse Exchange said. “Once launched, users can create their own tokens based on anything they want to trade. It will allow investors to take advantage of a multitude of investment options, opening up potentially trillions of dollars in assets through cryptocurrency trading.”
According to Deutsche Bank, global financial assets represent 300 trillion-dollar market, which is roughly 1,000 times larger than the crypto assets market. However, the vast global market is not accessible to all. Even in the countries with highly developed capital markets like Germany, only 10% of households own stocks directly or through funds connected to financial markets. With Virtuse Exchange, all the households will gain easy access to financial products in the form of tokenized digital assets.
DACTs (Digital Asset Collateralized Tokens) are the core innovation of the Virtuse Exchange platform. Tokens will be directly linked to underlying liquid and tradable real assets, allowing high liquidity. The platform is able to purchase more underlying assets and, thus, create new coins for holding and trading. Some of the examples of the potential underlying assets are Gold, Oil, S&P 500, Carbon, and other coins, as diverse as the global marketplace. Virtuse Exchange will provide Advanced Analytical tools, with streaming news feeds and data, portfolio management tools, market data analysis tools, and market forecast and history, among others.