Swarm launches permissionless platform for trading tokenized RWAs
Swarm announced the launch of its permissionless real-world assets (RWAs) trading platform. “Open dOTC” is a decentralised public goods service platform on the Ethereum blockchain. Traders can access tokenized US Treasury bond ETFs, while tokenized stocks for companies such as Apple, Tesla are to be added. Swarm, a BaFin-regulated decentralised finance (DeFi) platform , has launch ed its permissionless real-world assets (RWAs) trading platform . The over-the-counter platform is dubbed “Open dOTC”, a decentralised non-governed public goods service network built on the Ethereum blockchain, Swarm said in a blog post published on Wednesday. Targeting the tokenized RWAs market Open dOTC will utilise smart contracts to remove slippage, provide for instant settlement and reduction of credit and counterparty risks via fully collateralised trades. Tokenized US Treasury bond ETFs are available to traders, while tokenized stocks of publicly-...