- Swarm’s user base continues to grow at 6% over the last month
- Seven new community-selected securities will be added to the platform
03 May 2023: Swarm, a compliant blockchain platform, has released trading activity data for its second month of trading since launching tokenized public stocks and bond ETFs on February 24th, showing a further 6% rise in platform users between March 24th and April 23rd.
The decentralized platform has experienced strong demand for their tokenized real-world assets. The recent 6% growth follows a strong launch, with Swarm experiencing an 11% increase in sign-ups and three sell out stocks in the first month of trading between February 24th and March 23rd.
From March 24th to April 23rd, the total value of securities traded was $20,127. Apple was the most popular offering, making up 58% of the total value traded. This was followed by Tesla (28%) and iShares US treasury bond 0-1 year EFT (14%).
Timo Lehes, Co-Founder of Swarm, said: “Bringing real world assets on chain is blockchain’s killer app. With tokenization, those on-chain can deploy capital into less risky assets, while those in traditional finance can benefit from 24/hour trading and instant settlement. Blockchain is the future of finance, and by combining blockchain with some elements of traditional finance, we can see the technology truly live up to its promise.”
Alongside continued user growth this month, Swarm’s securities offering is expanding. Swarm conducted a community vote for holders of its payment token, SMT, to decide which securities should be listed next on its platform. Swarm announced on April 25, 2023 it will add seven new assets, including Blackrock (BLK), Coinbase (COIN), Coupang (CPNG), Intel (ITNC), Microsoft (MSFT), Microstrategy (MSTR), NVIDIA (NVDA).
Philipp Pieper, Co-Founder of Swarm, added: “The last two months have been an incredible lesson in the power of community. We always anticipated demand for tokenization, but the response we’ve had both in terms of new users, and participation in voting for the next set of shares to be added, has blown us away.”
Swarm values transparency and investor protection above all else, and as such are providing monthly disclosures to provide assurance that the amount of underlying assets held in custody are in line with the amount of Stock Certificate Tokens in circulation on the blockchain each month. All disclosures are publicly available on the SwarmX docs page, the issuing entity for tokenized security tokens.
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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.
