Swarm Launches Permissionless Tokenized Asset Trading Platform Open dOTC

13/12/2023 08:14

According to Foresight News, Swarm, a DeFi platform regulated by Germany's BaFin, has launched a permissionless tokenized real-world asset trading platform called Open dOTC. The platform is built on Ethereum and utilizes decentralized OTC smart contracts to eliminate slippage, ensure instant settlement, and minimize credit and counterparty risks through fully collateralized transactions. Swarm has already tokenized US Treasury Bond ETFs, and the platform plans to add tokenized publicly traded stocks such as Apple and Tesla. Open dOTC's transaction fees are set at 0.25%, which are used to purchase and burn Swarm's Ethereum-based SMT tokens.

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YouQuanDec 13, 2023 2:45 pm

Swarm Launches Permissionless Tokenized Asset Trading Platform Open dOTC

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Swarm Debuts Open dOTC for Tokenised Asset Trading