Imagine waking up and seeing Binance integrate with China Construction Bank, directly using RMB deposits to play DeFi, what expression would that be?
This was the true feeling I had when I saw the European compliant exchange Bitpanda integrate with one of France's three major banks, Société Générale.
In the silent world on the other side of the internet in simplified Chinese, Europe’s Web3 compliance process is being vigorously promoted. Following the previous deconstruction, I continued to dig deeper.
❚ Europe’s compliance leader Vision
@vsntoken is Bitpanda’s independently launched Web3 ecosystem platform, playing a core role in on-chain business and tokenization strategy.
The upstream is supported by Bitpanda’s compliance infrastructure, while the downstream extends to Protocol, DeFi Wallet, Launchpad, and the future Vision Chain. These components together form a closed and self-consistent on-chain ecosystem.
The token $VSN serves as the unified asset of the ecosystem, connecting staking, governance, fee dividends, and repurchase mechanisms.
It sounds very similar to HSK, but with stronger compliance, backed by Europe’s stable compliance framework, where policies do not change overnight, which is a not-so-great advantage.
❚ The rapid rise of compliant Web3 ecosystems
Recently, Vision's advancement speed has noticeably accelerated. In addition to obtaining key licenses such as MiCA, BaFin, and FCA in multiple locations including the EU, Germany, and the UK,
it has also started to connect directly with the traditional financial system. Austrian Bank has become the first pilot partner for RWA, and it will expand to more regional banks and financial institutions.
Meanwhile, Vision has integrated with Chainlink CCIP for secure cross-chain asset transmission, marking the formation of compliance and interoperability for European RWA.
On a broader level, Vision is expanding its reach through brand collaborations, such as partnering with AC Milan and Paris Saint-Germain, bringing Web3 experiences to a wider audience.
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Being responsible to users and penetrating the industry chain is the true way to win through compliance, rather than repeatedly issuing assets, trapping people, pooling money, and harvesting through the compliance label.
To be fair, overall, Vision has come a long way with compliance backing, and it is something the self-proclaimed compliant East should learn from.
#CEX   $BNB