Bitpanda launches 'Vision Chain'…"An 'EU MiCA'-compliant blockchain"

JOON HYOUNG LEE

Summary

Bitpanda said it will launch a new blockchain, 'Vision Chain', to target the European Union (EU) tokenized-asset market.
Vision Chain aims to provide infrastructure that enables banks and fintech companies to issue and make payments with tokenized assets under the EU's MiCA regulations.
Vision Chain is built on Optimism (OP) and will use a euro-denominated stablecoin for transaction fees, with the CEO saying tokenization will redefine capital markets.

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Austria-based cryptocurrency exchange Bitpanda has launched a blockchain to target the European Union (EU) tokenized-asset market.

According to CoinDesk on the 25th (local time), Bitpanda announced that it would launch a new blockchain, 'Vision Chain.' Vision Chain aims to provide infrastructure that enables banks and fintech companies to issue and make payments with tokenized assets under the EU's MiCA regulations.

Vision Chain is built on Optimism (OP). Bitpanda plans to use a euro-denominated stablecoin to pay Vision Chain transaction fees. CoinDesk reported, "Bitpanda has rolled out a new blockchain to introduce tokenized assets into the EU's regulated financial system," adding that "(the launch of Vision Chain) comes as financial institutions worldwide expand tokenization technology for 24-hour trading."

Bitpanda CEO Lukas Enzersdorfer-Konrad said, "Tokenization will redefine capital markets," adding, "Through Vision Chain, we will build a public blockchain designed to align with European regulations."