This no means that not only can investors take part in security token offerings with no fees, but no asset owners can join them in the savings.
Speaking on the decision to provide free tokenization was Swarm CEO, Philipp Pieper. He stated the following,
“In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process,”
Swarm has made it a goal of theirs to lower the barriers of entry into the market. Until recently, the idea of tokenization, and issuance of digital securities, was an intimidating thought. For instance, here are a couple other articles in which we discuss developments by Swarm.
- Swarm gains support for FIAT through Mercury FX
- The Growing World of Security Token Protocols : SRC20
The aforementioned press release marks yet another way in which Swarm has made the process easier for those interested.
Singing Their Praise
‘TheArtToken’ is one of the most successful STOs to be hosted on the Swarm platform. This fund, which provides investors with fractionalized ownership of post-war and contemporary art, recently raised great than $16 million. Services rendered by Swarm, facilitated the entire process.
Levent Süer, representing ‘TheArtToken’, commented on the alliance. He stated, “Swarm has always been on the leading edge of tokenization. Their platform made it easy for us to issue TheArtToken to the specifications of our legal counsel, and their model enabled us to focus our budgets on legal, marketing, and other crucial costs. Their stake-to-issue model not only gives us skin in the game, but the extra incentive of staking rewards means that in addition to paying no fees, we now earn SWM each month,” said Levent Süer of Fine Art Digital / XBlocks.
For more information on ‘TheArtToken’, check out our recent article detailing their goals.
Swarm CEO, Philipp Pieper, will make an appearance as a guest speakers at the ‘North American Bitcoin Conference’ in Miami. This event provides a perfect stage to convey what it is Swarm does, and how they are advancing the digital securities sector.
Swarm is based out of Palo Alto, California. The company was launched in January of 2018, and represents a decentralized capital market place. For example, they offer a range of services which facilitate the tokenization, sale, and issuance of company assets.
Swarm was named after the idea that through their services, asset creators would gain access to ‘swarms’ of investors.