Swarm, a regulated blockchain platform, has announced the world’s first public investment offering for AAPL, TSLA, and two US government bond ETFs on-chain.
According to reports, the fully asset-backed tokens, which have no minimum investment requirements, are accessible to institutional and retail investors on the Polygon blockchain. Users can start trading on Thursday (February 23) on the Swarm authorized DeFi platform.
Philipp Pieper and Timo Lehes, the co-founders of Swarm, are pleased to reveal that this is a first-of-its-kind service for investors wishing to access real-world assets using digital blockchain technology and that the service complies with all legal criteria to give users total assurance.
According to Lehes, Swarm is the first organization to offer and trade tokenized stocks and T-bills on a regulated and decentralized platform. He claims that they are governed by German regulations, and can issue and exchange real-world assets on the blockchain.
Swarm is a hybrid platform that combines the value and depth of traditional financial markets’ liquidity with blockchain technology. According to Lehes, they are the only reliable platform institutions with fiduciary responsibilities that may use to issue, exchange, and maintain dependable collateral on-chain in a decentralized manner.
It is worth noting that traditional market players have not yet had access to an all-inclusive, legally permissible solution for creating and exchanging real-world assets on-chain.
In Lehes’s words:
“The FTX and Celsius crises last year only highlighted key structural and regulatory weaknesses in the market, demonstrating that crypto collateral is too highly correlated and easy to manipulate. Regulation, in the right parts of the ecosystem, is critical while decentralization enhances the transparency required to build trust.”
Lehes also highlighted that while they first focused on equities and bonds, they would soon expand to include any asset that has to be exchanged on a regulated platform, such as carbon credits, real estate, or private holdings.
The tokens are issued by SwarmX GmbH, a wholly owned subsidiary of Swarm Markets GmbH, following a prospectus published with the Liechtenstein Financial Market Authority.
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