LAToken Expands Crypto Economy to Multitrillion Markets

Could blockchain-based asset tokenization revolutionize financial trading the way blockchain-based currency has impacted payments?

Blockchain technology has already made major inroads in the financial industry.

According to a recent study by Juniper Research, six out of 10 large corporations are either actively considering using blockchain technology, or are already in the process of deploying it.

Blockchain Changes Financial Markets

Blockchain-based tokenization of assets has the potential to revolutionize financial markets since it gives anyone the ability to unlock the value of illiquid assets ranging from real estate and bank loans to works of art.
Tokenization is the process of converting the rights to an asset into a digital token on a blockchain. Financial intermediaries have an interest in moving real-world assets onto blockchains to gain the advantages of bitcoin while keeping the characteristics of the asset, according to a recent NASDAQ report, “How Tokenization Is Putting Real World Assets On Blockchains.”
While many exchanges have replaced paper with electronic transactions, the transaction costs of these systems are high, the trades are not transparent, and they still largely rely heavily on trusted participants. The blockchain platforms have already arisen to rectify the situation and transform access to capital.

LAToken Enables Crypto Assets

The first one – LAToken – is already operational. It enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto. The transaction costs on the LAToken platform are close to zero, there are no interest or rate payments, and it really works in a timely manner – for example, tokenizing a house will take less than a week instead of 65+ days needed to sell the property.
LAToken also can unlock the value of illiquid assets like works of art, enabling the fractional sale of the assets. You will get a chance to buy a small piece of a Picasso painting or a French castle with just $10 equivalent of LATs – the main currency used on the platform. This gives a unique opportunity for investors to own fractions of previously illiquid assets accessible only to large investors.
Today you can already trade Apple, Amazon, Facebook and other shares on the LAToken platform. LAToken also partnered with MyGold, a gold and silver manufacturing company and mint based in New Zealand, to give crypto investors a chance to add the most popular “safe haven” asset to their portfolios, buying it with cryptocurrencies.

New Asset Classes To Come

Within weeks, new asset classes will be added to make the platform a truly universal marketplace for the crypto investors, offering the widest choice of asset classes for portfolio diversification.
The market for LAToken is in the trillions of dollars, based on current global assets value, which stands at $517 trillion, while global trading volume of these assets totals $155 trillion.
“Tokenization will be the next major stage since the blockchain revolutionized payments. It’s worth noting that bitcoin’s market cap now exceeds PayPal’s,” says Valentin Preobrazhenskiy, CEO of LAToken.
“Most real assets will be traded on blockchain platforms using cryptocurrency since the blockchain is more transparent, cost efficient and safe,” he explains.
LAToken has closed Round 1 of its public token sale in just three days. They sold 30 million LATs and raised $9,5 million. This shows how many people believe in the bright future of tokenization and bridging the crypto- and real economies. Round 2 of the public token sale starts on Sept. 5. The price of LAT will be 0,0011 ETH (1 ETH = 909 LAT). You can reserve the tokens at latoken.com.
This is a sponsored story.
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