REAL Finance indicates that with the native token $ ASSET Available to eligible users under Kraken EU, the channels for European users to obtain this token have further expanded. The company is taking this opportunity to advance its on-chain financial infrastructure for the tokenization of real assets.
The company disclosed that $ASSET has undertaken multiple functions within the REAL Finance network, including paying transaction fees, participating in staking, supporting network security, and engaging in on-chain governance. This expansion is built upon the foundation that the token has already been listed on Kraken, further covering the European Union market.
Targeting the European institutional level RWA market
REAL Finance is developing a blockchain called Layer that focuses on the tokenization of real-world financial assets. Its infrastructure covers various aspects such as asset issuance, management, distribution, and settlement, with the goal of connecting regulated financial institutions with the capital markets on the chain.
The company stated that it is also currently collaborating with regulated financial institutions and infrastructure providers to build an European institutional ecosystem. One of its partners is the Wiener Privatbank Austrian Bank, which is supervised by the Austrian Financial Market Authority ( FMA ).
Partners cover the hosting and distribution processes.
According to REAL Finance, Wiener Privatbank provides hosting, reserve management, asset structure design, and institutional distribution support within the ecosystem. Both parties plan to use the REAL Finance ecosystem to tokenize over 3.5 billion euros in assets.
This means that the layout of REAL Finance does not merely stay at the level of single-token circulation; rather, it attempts to establish a more comprehensive on-chain capital market process around regulated assets, including custody, settlement, and potential secondary market use cases.
Kraken EU has become one of the European entrances
The CEO REAL Finance stated that Europe remains a key market for the company. The company aims to build the infrastructure that connects regulated financial institutions with the on-chain capital markets, and the launch of Kraken EU provides a channel for more regional participants to access this network.
From the current disclosures, the strategy of REAL Finance still revolves around two main themes: one is to increase the accessibility of $ASSET, and the other is to continue to promote the construction of a European institutional network, migrating regulated financial assets and related capital market activities onto the blockchain.
Additional information:The open objects referred to in the text are eligible Kraken EU users; however, the specific country scope, launch timeline, and token trading data are not disclosed in the original text.
