Bitpanda targets banks with Vision Chain tokenization platform

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 (MiCA) and the Markets in Financial Instruments Directive (MiFID) II.

Bitpanda is pitching 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. 

The company is also leaning on a broader macro case around asset tokenization. Market research company Mordor Intelligence estimated 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 more real-world assets (RWAs) move onchain.

Related: Bybit launches yield-bearing tokenized gold product tied to XAUT

Vision Chain joins an increasingly crowded tokenization race that now includes trading names like Robinhood and incumbents such as Nasdaq and the New York Stock Exchange, which are piloting blockchain-based infrastructure and extended trading hours to attract more institutional flows.

Earlier this week, Nasdaq teamed up with Talos on a tokenized collateral platform that aims to unlock more than $35 billion of currently trapped collateral, while institutional networks like Canton are running live experiments with tokenized US Treasurys, money market funds and other RWAs for banks and market infrastructure giants. 

Founded in Vienna in 2014, Bitpanda says it now serves over seven million users across Europe through its investing platform and B2B infrastructure offerings.

The company also presents itself as one of Europe’s most regulated crypto companies, though an International Consortium of Investigative Journalists-linked investigation published 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 reached out to Bitpanda for additional information, but had not received a response by publication.

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Source: CoinTelegraph