Hjörtur Hjartarson, Sveinn Valfells, Jón Helgi Egilsson and Gísli Kristjánsson: the four founders of Monerium (2016), the company with which Tokeny just signed an agreement. (Photo: Monerium) 

Why the need to change euros into an encrypted currency on an exchange, then use that currency for security tokens, and go in a different direction to resell those assets? Why, when the whole transaction could be hosted on the same platform, Tokeny's BillBoard?

There is no longer any reason: with lower costs, fewer delays and less friction, the partnership that Tokeny announced with Icelandic fintech Monerium solves this triple problem at once.

The fintech, born and regulated in Iceland, allows users to make transfers directly from an Iban account to a Monerium account, therefore using this e-currency to carry out transactions on blockchains.

“Tokeny is the pioneer of peer-to-peer markets for digital securities and helps bring more liquidity to private markets. Having cash and securities on the same ledger enables real-time cash delivery, at lower cost and with lower execution risk than in current systems,” explained Monerium CEO Sveinn Valfells.

“Monerium's easy-to-use e-money solution brings accessibility to non-crypto investors while Billboard provides issuers with a secondary market solution to improve the liquidity of their financial instrument. Issuers can now improve their value proposition to investors. The more investors who join the ecosystem, the more they will benefit from positive network effects,” Tokeny CEO Luc Falempin added.

This article was originally published in French on Paperjam and has been translated and edited for Delano.