On April 10th 2019, Swarm announced that it will bring security tokens to the TRON blockchain. Individuals and enterprises can issue tokenized assets through the Swarm platform on the Ethereum, Stellar, and now Tron blockchains.

How Swarm is Bringing Security Tokens to TRON – Explained

Swarm is an asset tokenization platform. Through the use of blockchain technology, Swarm offers the fee-free tokenization of real-world assets— even assets that pay dividends.

Now, Swarm will allow asset providers with the proper licensing to issue security tokens on the TRON blockchain.

Swarm’s aim is to simplify the process of tokenization. They selected TRON to allow customers to complete transactions with faster speeds and fewer fees.

According to Swarm Co-founder and CEO Philipp Pieper,

“TRON’s dedication to delivering fast, free solutions using decentralized infrastructure make them a natural fit for Swarm’s open tokenization technology. Issuers will be able to offer security tokens on Tron’s blockchain, and will allow investors to use TRX and USDT-TRON to purchase security tokens. This is about meeting people where they are, and opening the door for the massive and engaged TRON community to enter this rapidly growing space.”

Justin Sun, TRON founder BitTorrent CEO also commented on the announcement:

“Swarm is one of the preeminent builders of digital investment infrastructure and its decision to adopt the TRON blockchain will further our push to make decentralized finance the next big thing for the investment community.”

Swarm’s Involvement with Security Tokens Explained

Swarm has experienced significant developments in the past several months, all geared toward the compliant tokenization of assets.

In October 2018, Swarm revealed its Market Access Protocol (MAP), which was designed for security token compliance across various jurisdictions.

Two months later in December, Swarm announced that it would support over 30 fiat currencies on its security token platform.

Also in December, TheArtToken (TAT) raised more than $11 million on Swarm’s platform. TAT represents fractional ownership of valuable artwork— a traditionally illiquid asset class currently experiencing major benefits thanks to the added liquidity of blockchain technology.

Besides fine art, various real-world assets have already been tokenized, to include equity, real estate, REITs, and investment funds.

For more on the overall functionality and advantages of security tokens, be sure to read our comprehensive security token guide.

What do you think of Swarm teaming up with TRON? Will the TRON blockchain see a significant amount of tokenized securities? We want to know what you think in the comments section below.

Image courtesy of Swarm.