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Swarm launches world-first tradable stocks and bonds on chain

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Swarm, the regulated blockchain platform, today announces the launch of a world-first public investment offering for AAPL. TSLA, and two US Treasury Bond ETFs on-chain.

The fully asset-backed tokens are available on the Polygon blockchain for both retail and institutional investors, with no minimum investment. Trading is available from Thursday 24/7 and compliant under German regulation on Swarm’s permissioned DeFi platform.

It is the first service of its kind for investors looking to access real world assets using digital blockchain technology, while meeting full regulatory requirements to provide complete confidence to users.

Hedge funds and institutional investors can now access stable and secure global markets 24/7 through Swarm. For those already on-chain, including stablecoin issuers and treasury managers, it means they have less volatile assets to deploy into without needing to leave the DeFi ecosystem.

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The token offering initially includes AAPL and TSLA stock, iShares US treasury bond 0-1 year ETF and iShares US treasury bond 1-3 year ETF. Swarm will add more stocks and real world assets in the future.

Timo Lehes, co-founder of Swarm, comments: “Swarm is the first entity to offer and trade tokenized T-bills and stocks via a regulated and decentralized platform. We operate within the German regulatory environment, meaning we can issue and trade real world assets on blockchain, unlike any other entity.

“We have started with stocks and bonds, and will soon extend this to any asset that needs to be traded on a regulated platform, from carbon credits to real estate or private holdings. To date, traditional market participants have not had a comprehensive and regulatory compliant solution for issuing and trading real world assets on-chain.

“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.”

Swarm does not take custody of the asset-backed tokens, which are controlled by battle-tested code. They can be added to liquidity pools to earn yield, or kept in investors’ own Web3 wallets.

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The ISIN-based tokens benefit from the trust and stability of traditional markets plus the flexibility and greater access to global liquidity, at lower cost, on the blockchain. Stock and bond certificate tokens are integrated with traditional financial markets and can be redeemed for the value of underlying real world asset.

Lehes adds: “Today’s announcement is significant for both DeFi and TradFi. There is clear demand for high quality assets to become available on-chain. Institutional participants will now be able to deploy assets from traditional markets via blockchain through Swarm.

“Swarm is a hybrid platform, combining the depth of liquidity and value of traditional financial markets with the advantages of blockchain technology. We are the only trusted platform that institutions with a fiduciary responsibility can use to issue, trade and manage quality collateral on-chain with confidence and in a decentralized way.”

The tokens are issued by SwarmX GmbH, a wholly owned subsidiary of Swarm Markets GmbH, under a prospectus registered with the Financial Market Authority in Liechtenstein and passported into Germany. Secondary trading activities are regulated by Germany’s Federal Financial Supervisory Authority (BaFin), and can be accessed on Swarm’s permissioned DeFi platform.

Notes to editors

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  • SwarmX GmbH, the issue of the stocks and bonds tokens, is a wholly-owned subsidiary of Swam Markets GmbH. All published prospectus and notifications for the certificate tokens can be found under the ESMA prospectus registry (search for keyword “SwarmX”).
  • Trading activities on Swarm infrastructure fall under the purview of BaFin in Germany. Read more about our regulatory status here.
  • Available assets:

Token

Final Terms

Security Type

ISIN

xToken

AAPL

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PDF

Equity

CH1231365359

(WKN 865985, US0378331005)

Polygon: Native Asset

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TSLA

PDF

Equity

CH1247816114

(US88160R1014)

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Polygon: Native Asset

TBONDS01

PDF

Bond ETF

CH1237059089

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(WKN A2PBNP, IE00BGSF1X88)

Polygon: Native Asset

TBONDS13

PDF

Bond ETF

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CH1237059071

(WKN A2DN9Z; IE00BYXPSP02)

Polygon: Native Asset

Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Blockchain

Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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Blockchain

1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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