Swarm Introduces Security Tokens to the TRON blockchain
A blockchain technology-based company – Swarm, which provides customers with a no-fee opportunity to tokenize their assets which will, in turn, pay dividends, will now allow providers of assets with KYC (Know Your Customer) measures and proper licensing to enable the issuance of security tokens on the TRON blockchain. This was announced on April 10th 2019 while individuals and enterprises previously had the opportunity to issue tokenized assets on the Ethereum and Stellar blockchains.
Swarm provides tools which makes the unlocking and capture of value over a broad range of assets and opportunities relatively easy. Tokenization on TRON will allow customers complete their transactions faster and with few fees.
The founder of TRON and CEO of BitTorrent, Justin Sun said that Swarm is among the foremost pioneers of digital investment infrastructure and following its decision to embrace the TRON blockchain, will progressively enhance their aim of making decentralized finance practices the next major thing in the investment community at large.
Tether will most likely introduce USDT-TRON which will be a stablecoin founded on the Tether technology in collaboration with Bitfinex. These stablecoins can be utilized in smart contracts for security tokens which offer a dividend to every holder of their security tokens. Stablecoins are generally known to reduce the volatility that cryptocurrency experiences which in turn affects institutional buyers who take a risk with levity.
Philip Pieper, the co-founder and CEO of Swarm said that the dedication of TRON to deliver fast and free solutions while using a decentralized infrastructure will make them a perfect fit for the open tokenization technology to be implemented by Swarm. Token issuers will have the opportunity to provide security tokens on Tron’s blockchain while allowing investors make use of TRX and USDT-TRON to buy security tokens.
He further stated that the whole setup was about encountering people wherever they are and leaving the door open for the enormous and widely engaged TRON community to enter this swiftly expanding space.
Swarm has been making waves in the past couple of months – all their efforts being driven to the compliant tokenization of assets. In October 2018, the Market Access Protocol (MAP) was revealed by Swarm. This MAP was developed for the compliance of security tokens across several jurisdictions.
In December 2018, Swarm announced its support for over 30 fiat currencies on its platform. Also, TheArtToken (TAT) raised over $11 million on the Swarm’s security platform.
These are just few of the many feats that have been achieved by Swarm in the past couple of months.