Bitpanda Launches Vision Chain Blockchain Network

Bitpanda has launched its own Layer 2 blockchain network, Vision Chain, which aims to bridge the gap between regulated financial markets and digital assets technology. The network is designed for banks, asset managers, fintech companies, and developers to issue and settle tokenized assets across Europe.

The Vision Chain is an Ethereum-based Layer 2 blockchain that allows financial institutions to create and manage tokenized assets, including stocks, bonds, real estate, and cryptocurrencies. This will provide users with more flexibility and accessibility to invest in these assets, which were previously only available to institutional investors.

Bitpanda has partnered with the Vision Web3 Foundation and Optimism to develop the network, which uses the OP Enterprise model to manage its operations and infrastructure. The network is designed to be compliant with European financial regulations, including MiCA and DORA directives.