TRON Foundation announced on 10 April about supporting security tokens on its blockchain, facilitated by Swarm, a blockchain technology company.
TRON commenced by introducing Swarm as a firm which provides a sans fee tokenization of assets that pay dividends. The offer from Swarm would allow asset providers who hold a proper license and KYC regulations to issue security tokens on the TRON blockchain. TRON commented that Swarm creates versatile tools that make it easy to leverage assets and opportunities.
Justin Sun, founder of TRON and CEO of BitTorrent cited –
“Swarm is one of the preeminent builders of digital investment infrastructure and its decision to adopt the TRON blockchain will further our push to make decentralized finance the next big thing for the investment community.”
TRON expressed that asset tokenization would allow customers to complete their transactions faster. They would also be benefited from paying fewer fees. TRON sidelined by stating that Tether would be launching USDT-TRON digital coin in partnership with Bitfinex. This stablecoin would be based on Tether technology and will allow purchasing security tokens on TRON.
TRON further added on the value of stablecoins. These digital coins can be used in smart contracts for security tokens. The users could also avail a dividend of their respective digital assets. Stablecoins are less vulnerable to volatility compared to traditional cryptocurrencies. Standard digital coins are also a deterrent to institutional buyers who are sensitive to market risks.
Philipp Pieper, co-founder and CEO of Swarm stated that TRON’s commitment to deliver fast, free solutions make them a perfect fit for Swarm’s open tokenization technology. Philipp continued that issuers would be able to offer security tokens and investors could make appropriate use of them. Investors have a choice between Tron (TRX) and USDT-TRON to purchase the securities.
Last month, TRON Foundation had reported about its acquisition of the very first global blockchain app store CoinPlay. TRON had stated that CoinPlay was well poised as a blockchain application store that offers the most well-covered and updated blockchain apps. Likewise, the TRON Foundation had shared a piece of information about eToro adding TRX to its platform.
Swarm had been closely watched for a while by industries while it was building value for Security Token Offering (STO) infrastructure. This embrace with TRON would push it much beyond its moderate market capitalization. The partnership would be well poised to bring in a new era of global investments and demystify related complexities.