Berlin-based DeFi platform Swarm has opened a permissionless trading platform for tokenized real-world assets.
Swarm is regulated by BaFin, Germany’s regulatory authority. Ethereum used decentralized over-the-counter smart contract technology while developing the based platform.
These contracts are designed to prevent slippage, ensure instant transactions, and minimize credit and counterparty risk.
Tokenized versions of US bond ETFs can be found on the platform at the initial stage. It is planned to add tokenized shares of companies such as Apple and Tesla to the platform in the future.
According to the statement made by Swarm, tokenized assets on the platform were developed in accordance with EU regulations. Wallets where digital assets are sent and converted into cash are know your customer And anti money laundering is undergoing review.