Regulated Decentralized Finance (Defi) Platform Swarm, with a total value locked (TVL) of slightly less than $ 1 million, works together with the Hedera Foundation to launch tokenized shares on Hedera, a low 1 blockchain with a TVL of approximately $ 130 million.
The rollout makes on-chain access to US shares, including Apple, Tesla and Strategy (formerly Micro Strategy). The assets are issued under the approval of Swarm’s EU prospectus regulation and are supported 1: 1, according to a press release viewed by the Defiant.
A spokesperson for De Zwerm told the challenging to the challenging products that the products are accessible worldwide for investors outside the United States and countries under ANC sanctions, including participants in the European Union (EU).
“This is an important distinction of most [real-world asset] Offers that are limited to accredited or professional investors, “said the spokesperson. In the US accredited investors are usually defined by the US Securities and Exchange Commission (SEC) as individuals who meet certain financial thresholds, such as more than $ 200,000 in annual income.
‘Defi-integrated’
In contrast to centralized brokers, who keep customers assets and work within fixed market hours, the Tokenized shares of Swarm can act directly on-chain, settle in Stablecoins and are available 24/7. They are also ‘defi-integrated’, which means that they can be used as collateral, loans or other financial strategies on chains, the spokesperson explained.
In particular, the launch has a repayment pool with which users can immediately cash in from tokenized shares, instead of waiting for the typical two days. “The repayment pool mechanism is a new user-oriented solution that creates real exit-liquidity, and we are proud to be the first to support it as part of our strategy to bring really volume and use in the Hedera network,” said Hania Othman, director of financial markets and sustainability at the Hedera Foundation, per the release.
Swarm told The Defiant IT planning to expand defenses -based loans and other compound products for the assets in the future.
The partnership comes when tokenized shares continue to win in both Defi and Centralized Finance (CEFI).
In May, centralized Exchange Kraken revealed plans to launch tokenized US shares for investors outside the US via the Xstocks platform. In June Gemini worked with Dinari to offer Tokenized Strategy (MSTR) shares to European users, with extra tokenized shares and ETFs that were expected soon. Robinhood also announced that it will offer more than 200 tokenized US shares to users in Europe, with plans to extend to 2,000 by the end of 2025.
The momentum reflects a broader growth in Tokenized Real-World Assets (RWAS), with the total on-chain value of the sector that has been increasing 63% to more than $ 26 billion since January, according to RWA.XYZ.
