Berlin, 24 February 2026 – Swarm today announced the completion of its acquisition by Inveniam, the global leader in decentralized data infrastructure for private markets. The transaction, originally announced in December 2025, has now formally closed.
With the closing of the acquisition, Swarm enters its next phase of growth with expanded institutional backing and enhanced infrastructure capabilities.
Timo Lehes, Co-Founder of Swarm, said: “The completion of this transaction marks a significant milestone for Swarm. We remain fully committed to public markets while expanding into private markets with the institutional scale and data capabilities of Inveniam. This combination positions us to build the next generation of programmable capital markets.”
Swarm will continue to operate under its existing brand, regulatory framework and leadership team, maintaining its focus on tokenized public markets, including stocks, bond ETFs, and commodities. The company will also accelerate the development of trusted on-chain lending markets for tokenized public collateral.
Through integration with Inveniam’s verified data and valuation layer, Swarm will extend its platform into private markets, enabling private equity, credit, real estate and other traditionally illiquid assets to become more transparent, programmable and globally accessible. Inveniam currently anchors more than $200 billion of private asset data to the blockchain for major asset managers, banks and sovereign wealth funds.
Together, Swarm and Inveniam will build infrastructure for agentic asset management, combining trusted, machine-readable data with compliant execution to support intelligent, AI-ready financial markets.
Philipp Pieper, Co-Founder of Swarm, added: “This is the natural evolution of what we have been building. We proved that public securities can be tokenized and traded in a compliant, decentralized way. Now, together with Inveniam, we can apply that same discipline and infrastructure to private markets at global scale. Our ambition is to make private markets as transparent, accessible and programmable as public ones.”
Swarm will feed into the newly-created business unit, Inveniam Capital, which sits at the intersection of digital financial markets, AI and data. Private markets are too big to remain illiquid, DeFi needs uncorrelated collateral on-chain and traditional financial players need to modernise. Inveniam Capital exists to meet all of these needs.
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For more information, visit:
www.swarm.com
About Swarm
Swarm is an RWA platform that brings unique digitization and trading solutions to the world of traditional finance. It is the first organization in the world to offer digitized US treasury bills and Apple stock via a compliant and decentralized platform.
Day to day, we work with real-world asset owners to tokenize collateral and build trading infrastructure in a regulatory-compliant way. Issuers that need compliance guarantees from a top tier jurisdiction to build secondary markets of tokenized securities, including fixed income products, choose to partner Swarm.
Swarm is a hybrid, embracing the advantages of blockchain-trading – flexibility, speed and efficiency – and pairing it with the trust and asset-range typically enjoyed by traditional exchanges. Swarm aims to integrate TradFi with DeFi so that everything becomes “Fi”. www.swarm.com.
About Inveniam
Inveniam is a data operations management and orchestration solution for private market assets, bringing access, transparency, and trust to asset performance data. The company is building the foundation for scalable AI integration, decentralized data marketplaces, and the systematic trading of private market assets. www.inveniam.capital
