The Romanian TOKERO Crypto Exchange platform announced on Saturday, November 5th, 2022, that it is starting its international expansion, and the first target-country is France, according to the announcement of the company representatives for Ziarul Financiar (The Financial Newspaper).
„TOKERO France means that we are taking a step towards the international market, step that has been planned for a long time in Romania, because crypto exchanges have been trying to make this expansion abroad, but nothing has materialised so far. Our platform is ready to receive customers from France, offering localised support in French”, declared Marius Morra, the CEO of TOKERO, exclusively for ZF.
France has a regulated market, and the exchange operators must obtain a locally issued licence and comply with the rules imposed by the authorities. TOKERO has already started the process of acquiring such a licence.
„We've taken quite a lot of interest in this aspect, although without a locally issued licence we cannot advertise directly to French consumers, the ones that discover our services by themselves can become our customers. We already have customers in France, hence this approach”.
The Romanian exchange platform will primarily offer ramp on and ramp off services for France, i.e. crypto account deposits and withdrawals. Furthermore, the company wants to attract new crypto projects that raise funding from investors through TOKERO, a service known as “Launchpad”.
„Up until now, we hosted Romanian projects on our launchpad and we want to introduce French projects as well, including international projects for Romanian investors, with the purpose of diversification”.
Marius Morra added that the first French project could enter the TOKERO launchpad in the first quarter of 2023.
Simultaneously, the Romanian company is preparing to open an office in France and is working on expanding the platform to other countries as well.
„We want to also open an office next year”, pointed out Marius Morra.
The fintech TOKERO was founded by the entrepreneurs Marius Morra and Sabin Simionescu in 2017, and at the end of 2021 it had achieved a valuation of €15 million.
The announcement was made at the X Day event organised in Paris by MultiversX, the former Elrond Network, between November 3rd and 5th.