In recent times, there have been numerous reports highlighting the ups and downs of various tokens as they swing from their all-time lows to all all-time highs and then back. The back and forth has been breathtaking and even some observers have gone ahead to profess an end to the era of digital tokens. To their surprise, the news has continued to look up though. The market for trading digital tokens has moved across the globe.
Digital tokens pessimists have refused to go away. They have persisted in their insistence that however large the market for Initial Coin Offerings grows, the phenomenon is a vanity train that will leave a lot of loss and broken businesses in its wake. Many companies despite the warnings are showing interest in the market, which has been manifest in the numerous applications for digital assets licenses across many countries.
As a direct result of the increasing interest in digital tokens trading, there is a growing need for a better platform upon which the exchange of the digital tokens will be conducted. This represents a new and emerging market niche that looks to increase the adoption and mainstream usage of the digital tokens.
Like any other market place, for digital token exchanges to operate effectively, there has to be some kind of regulation that players can work within. In this respect, several Finance Ministries have undertaken to come up with legislation that seeks to do just that. Some central banks have begun to develop ways through which they can leverage the potential of a digital token exchange in helping issue digital bond certificates. The immediate benefit of such a move will be a significant reduction in the time that is required for such certificates to be issued. Also, there will be little or no cases of human error in the issuance of the certificates.