AlgoMetric has recently attended a panel discussion “Perspectives and Challenges of the Digital Asset Market”, which brought together key stakeholders from the financial, regulatory, and technology sectors. The event offered valuable insights into the current landscape and future development of Serbia’s digital asset ecosystem.
Thanks to the Law on Digital Assets, Serbia now has a clear regulatory framework for issuing and trading digital tokens that can function as bonds and other financial instruments. Under the supervision of the Securities Commission (KHOV) and the National Bank of Serbia (NBS), companies can tokenize bonds and access additional capital more quickly, more flexibly, and often more cost-effectively compared to traditional financing models.
For investors, tokenization provides lower entry thresholds, higher liquidity, and the opportunity to participate in secondary trading on digital platforms. This ecosystem is supported by mandatory white papers, reporting requirements, and rigorous KYC/AML procedures.
A key point highlighted during the panel was the need to establish a unified and centralized venue for the official issuance of tokenized bonds — a Primary Offering platform on the Belgrade Stock Exchange. Such a platform would ensure a standardized, transparent, and institutionally supported process for issuing digital tokens. The next logical step is the development of a Secondary Trading platform, which would allow investors to buy and sell these tokens within a regulated and controlled environment. This would complete the digital asset lifecycle and contribute to greater accessibility, efficiency, and transparency in Serbia’s financial markets.
