17 July 2023: Swarm, a compliant DeFi platform, today announces its partnership with Mattereum, a digital identity layer for real world assets on Ethereum, that will bring traditional assets on-chain for institutional investors to trade on its decentralized and compliant infrastructure.
Having coordinated the launch of the Ethereum Network, Vinay Gupta started Mattereum to create legal structures so that transfers of tokenized real world assets are reflected in real world ownership and are enforceable.
The partnership will facilitate the onboarding of high value traditional assets, like real estate, gold, fine art, commodities, and other tangible assets that have traditionally been illiquid or inaccessible to a broader audience, to the blockchain in order to benefit from greater liquidity, efficiency and self-custody.
Philipp Pieper, co-founder of Swarm, said, “The convergence of blockchain technology and real world assets is a groundbreaking opportunity for investors and businesses worldwide. Swarm is at the epicenter of building the financial markets of tomorrow and to do this we need the right partners.
“For real world assets to move on-chain we must identify people, establish compliant exchanges, have the ability to transfer ownership and outline a policy for dispute resolution. Until this happens, nothing moves. Partnering with Mattereum is a crucial step to provide institutional traders with assurances over the transferability of tokenized real world assets.”
Mattereum’s unique expertise in legal and technical interfaces will play a pivotal role in facilitating the secure and compliant transfer of ownership for tokenized real world assets brought onto Swarm’s trading platform. Mattereum’s legal infrastructure is built on UK common law provisions for digital commerce and is enforceable in 172 jurisdictions under international law.
“Lack of legal protection for buying and selling high-value assets is a key barrier for many deploying capital on-chain,” said Vinay Gupta, CEO of Mattereum. “Mattereum was always a long-term bet. We identified at an early stage the need to buy and sell physical assets in a legally binding way, using smart contracts.
“We are excited to work with Swarm who are the only platform that can securitize these tokens and help us realize our vision of creating a more efficient, transparent and conclusive financial ecosystem on chain, with the same assets we interact with in traditional markets today.”
In February 2023, Swarm launched the first DeFi-compatible securities tokens, including tokenized Apple, Tesla and two short term US Treasury Bond ETFs on Polygon. In June, it added seven more, including Blackrock, Coinbase, Coupang, Intel, Microsoft, Microstrategy and NVIDIA. All tokens are fully asset backed, prospectus based and trading is compliant.
Gupta added, “We are thrilled to welcome the advent of real world assets on chain, as it ushers in a new golden era of digital commerce.”
Ends
Notes for Editors
- SwarmX GmbH, the issue of the stocks and bonds tokens, is a wholly-owned subsidiary of Swam Markets GmbH. All published prospectus and notifications for the certificate tokens can be found here (search SwarmX).
- Monthly reserve disclosures published here.
About Swarm
Swarm is a blockchain platform that brings novel digitization and trading solutions to the world of traditional finance. It is the first organization in the world to offer digitized 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 compliant way.
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”. For more information, visit the website.
About Mattereum
Founded in 2017 by CEO Vinay Gupta, Mattereum is an impact-driven technology enterprise headquartered in London. Mattereum is committed to creating a new protocol for digital trade built on transparency, trust and accountability. Mattereum’s trans-disciplinary team with a track record of designing and launching nation state-level infrastructure brings together programmers, lawyers, and decades of cumulative experience in finance, technology, and dispute resolution to build the foundation of the next generation of digital commerce. https://mattereum.com/
