LYDIA, the first Asset Referenced Token
6/18/2024
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IBEx, the centralized exchange dedicated to RWAs, innovates by launching the first ART (for Asset Referenced Token) based on a stock reserve of the French fintech that became the 22nd French unicorn after raising EUR 100M in December 2021 in a financing round that included prestigious funds such as Accel and Tencent.
Under MiCA, it will be possible from June 30th to issue ARTs (Asset Referenced Tokens), which are digital assets whose value is pegged to that of an asset pool that may contain FIAT, real-world asset securities, other crypto-assets or a mix of all these. MiCA defines the detailed operating rules in its Title 3, including the classification and reporting obligations for tokens according to their TVL, the information to be brought to the attention of investors, the rules for prudential management of the reserve, and so on.
ARTs tokens are digital assets such as BTC or ETH that can be listed on centralized exchanges as well as on DEX. Their holding is then permisionless as for blockchain tokens or stablecoins.
LYDIA ART token is available as an ICO exclusively on IBEx, which is regulated in Europe: assets.ib.exchange/lydia-o.
IBEx brings investors new possibilities offered by digital assets such as the secondary market. These possibilities are not generally available on Web2 investment platforms. LYDIA will be listed on the IBEx spot market following its ICO.
About IBEx
Created in 2021, the Europe-based exchange has been dedicated to Real World Assets (RWA) since its inception. After a two-year development period the platform is set to list over a hundred real-world-based digital assets defined by MiCA regulations, enabling all investors to benefit from the advantages of an investment medium based on blockchain tokens without having to master these innovative technologies.