Justin Sun the founder of TRON, published an open letter to the community on September 20, 2021, regarding the upcoming listing of TRX ETN in 14 EU countries including Germany, France, the Netherlands and Switzerland.
In response to the letter, VanEck TRX ETN (VTRX) has been formally accredited by Deutsche Borse Group and is obtainable for trading on Xetra from September 21, 2021.
The approval from Germany will exempt VTRX from the approval of different EU regulatory authorities, and VTRX will be listed as compliant safety in 14 countries including Germany, France, the Netherlands and Switzerland.
This marks TRX (VTRX) because the third mainstream cryptocurrency – after Bitcoin and Ether – has been listed on the traditional financial market of Europe.
Justin Sun introduced blockchain as a ‘value network’ to China in 2012, which established him as an early evangelist and practitioner of blockchain. Later in 2017, he founded TRON.
Today, TRON has built a comprehensive ecosystem spanning from underlying protocols and smart contracts, to NFT and metadata storage, boasting over 54 million users and $50 billion worth of crypto assets across the globe.
Furthermore, the TRON-based USDT (TRC20-USDT), with a circulating supply as high as $36 billion, is now the world’s largest stablecoin in circulation, accounting for greater than 50% of the global market.
Not long ago, TRON also inked a strategic partnership with Valkyrie Investments to launch Valkyrie TRON Trust. As the primary institutional fund targeting TRON’s crypto ecosystem within the US, the preliminary measurement of this belief is over $50 million, and it plans to file to go public in 2022.
Justin Sun additionally introduced in his newest open letter to the community that BTC, a layer 2 scaling and cross-chain answer, is scheduled for launch on October 30, 2021.
By then, a closed loop of each layer 1 and 2 networks with sound cross-chain connectivity will take form, delivering each a strong underlying network of global settlement layer and a heterogeneous, scalable cross-chain network – BitTorrent Chain – that options high throughput and full compatibility with EVM. This solution will users in a new era of connecting all chains.
In response to out there sources, the listing of VTRX has been stringently reviewed and approved by Deutsche Borse Xetra, absolutely complying with the financial regulatory necessities in Europe.
Additionally, with the help of Clearstream under Deutsche Borse Group, TRX ETN is predicted to be out there for trading within the pan-European market on main European exchanges in London, Paris, Amsterdam and more.
This marks another milestone of TRON – the forerunner within the world public chain sphere – in pursuing globalization and compliance under Justin Sun’s leadership.
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Source: The Daily HODL