In 2024, we witnessed multiple countries around the globe gradually refining their regulatory frameworks for cryptocurrencies to further standardize market operations. With the escalation of investigations by the U.S. Securities and Exchange Commission (SEC), the legal compliance of crypto assets has garnered broader attention. The crypto market also experienced key moments of technological innovation and application breakthroughs. The rise of the Web3 ecosystem, along with emerging applications such as Real-World Assets (RWA) and decentralized social networks, has attracted increasing interest from traditional financial institutions and investors, further driving the adoption and mainstreaming of cryptocurrencies.
The trend of digital transformation is reaching many traditional sectors, and ELTFV Exchange has keenly captured these industry developments. Over the past year, through strategic positioning, technological innovation, and compliance optimization, ELTFV has steadily advanced toward becoming a leading digital financial platform. In February 2024, ELTFV announced its research into RWA and Security Token Offering (STO) trading, promoting deeper integration between traditional finance and cryptocurrencies. This initiative aims to provide new investment options for enterprises and investors, helping businesses and users digitize real-world assets while offering compliant and innovative tokenization solutions.
As Web3 continues to gain traction, user demand for decentralized applications has grown significantly. To meet this demand, ELTFV Exchange launched Web3Core in June, delivering a richer Web3 ecosystem experience to its users. The release of this open-access application marks a significant step forward for ELTFV in technological innovation. It is designed to cater to diverse user needs in emerging markets while supporting a variety of Web3 infrastructure services.
Amid the global wave of compliance, ELTFV has actively expanded its compliance-focused operations to ensure the lawful operations of the platform across the world. In November, ELTFV Exchange successfully obtained a compliance license issued by the U.S. SEC, enabling the platform to legally conduct STO business in the U.S. market while offering users a broader range of financial products. By securing the SEC compliance license, the platform can now provide U.S.-based users with legitimate investment pathways for securitized tokens. This achievement represents a significant milestone in the ELTFV compliance efforts and further enhances the competitiveness of the platform in the international market.
The year 2024 was one of parallel progress in compliance and innovation for ELTFV. Looking ahead, we will continue to focus on compliance-driven growth while actively advancing our global expansion strategy. By maintaining close collaboration with regulatory authorities worldwide, we aim to ensure the platform legality and compliance, setting a benchmark for the crypto industry. The successes of the past form a solid foundation for future growth. ELTFV Exchange remains committed to its strategy of compliance and innovation, delivering more diverse and efficient digital financial services to users around the globe.