A system and method for trading cryptocurrencies, tokenized assets and/or fiat currencies on a single distributed ledger system with multiple issuing institutions

A method for enabling trade of cryptocurrencies, tokenized assets and/or fiat currencies on a single distributed ledger system comprising a plurality of nodes, wherein:

• at least some of the nodes are minting nodes;
• at least some of the nodes are user nodes;
• and
• at least some of the nodes are supervisory nodes;
• the method comprising:
• at the supervisory nodes:
• creating user certificates for users after successful verification that a user complies with predefined regulations;
• at the minting nodes:
• minting digital assets, each minted digital asset comprising data on an asset type, an asset value and a first owner, wherein the asset type is selected from at least two asset types and wherein the first owner is a user having a user certificate;
• at the user nodes operated by users having user certificates created by the supervisory nodes:
• requesting or accepting an exchange transaction to exchange digital assets with another user, wherein the exchange transaction request includes information on the amount of the first asset type to be exchanged, the second asset type to which the first asset type is to be exchanged and an exchange rate;
• checking if the exchange transaction can be performed;
• confirming that the transaction can be performed;
• amending the transferred digital assets by signing the transferred digital assets with user's private key as the previous owner signature;
• and
• amending the received digital assets by adding information that the user is the current owner and signing the received digital assets with user's private key as the current owner signature.