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The Vienna-based crypto broker announced its Ethereum layer-2, aimed at helping European banks and fintechs issue tokenized assets under MiCA and MiFID II.Bitpanda said Wednesday it is building Vision Chain, an Ethereum layer-2 that the Vienna-based broker said is aimed at helping European banks and fintechs issue and manage tokenized assets using infrastructure designed for compatibility with the European Union’s Markets in Crypto Assets Regulation and the Markets in Financial Instruments Directive II.
Vision Chain as a layer-2 for tokenized assets, combining Optimism’s OP Stack with institutional custody and compliance tooling so that regulated companies in Europe can tokenize and trade traditional assets such as stocks, bonds and funds on an Ethereum-based rollup. Bitpanda argued that this positioning, along with its existing bank partnerships in Germany and Austria, will make it easier for traditional institutions to go onchain than building their own infrastructure from scratch. that the asset tokenization market will grow from around $2.08 trillion in 2025 to $13.55 trillion by 2030, implying a compound annual growth rate of roughly 45% as moreNew York Stock Exchangeon a tokenized collateral platform that aims to unlock more than $35 billion of currently trapped collateral, while institutional networks like Canton are running liveThe company also presents itself as one of Europe’s most regulated crypto companies, though an International Consortium of Investigative Journalists-linkedpublished in January, citing internal documents and audit findings at Bitpanda’s German subsidiary, reported deficiencies including information security weaknesses and poor oversight of outsourced functions.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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