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RWA Swarm Markets Platform Launches Tokenized Gold

Swarm Markets, headquartered in Berlin, has introduced a new offering: fully asset-backed digital gold in the form of non-fungible tokens (NFTs).

This platform, which deals in real-world assets (RWA), now enables investors to possess and trade gold digitally. Each NFT issued corresponds to ownership of a specific physical gold bar stored securely in vaults.

These NFTs are uniquely identified, providing clear verification of ownership. The physical gold bars are safeguarded in Brink’s London vaults, ensuring security and reliability for investors.

Amazon Web Services for Gold

“We’re building the Amazon Web Services of gold on the blockchain,” explained Philipp Pieper, co-founder of Swarm Markets.

“Investors will not only receive unique identifiers for their NFTs, linking them to specific gold bars or ounces, but they can also digitally own and custody their gold holdings through blockchain technology. They have the option to redeem their holdings for the physical underlying collateral and decide where to store their physical gold,” Pieper added.

MiCA Compliant Product?

This launch precedes upcoming regulatory changes in Europe under the Markets in Crypto-Assets Regulation (MiCA), slated to come into force on July 1.

MiCA regulations impose rigorous standards for asset-referenced tokens, including those linked to gold. However, NFTs, characterized by their uniqueness and non-fungibility, do not fall within the scope of these new regulations.

“We’ve also ensured that our product complies with MiCA’s asset-reference token rules to provide investors with the highest level of confidence,” stated Pieper.

Tokens Traded on the Swarm Platform

Swarm’s digital gold NFTs offer standout features such as tradability and peer-to-peer transaction capabilities.

Investors can trade these tokens on Swarm Markets’ platform or other compatible marketplaces, enhancing liquidity and engagement compared to traditional gold investments.

These transactions are facilitated through blockchain technology. Token holders also have the flexibility to redeem their NFTs for the physical gold they represent.

To comply with legal standards, this process includes undergoing Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Once verified, investors can select the jurisdiction for storing their gold, providing a level of customization and control over their investment.

Swarm is tapping into a growing trend of asset-backed digital tokens.

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