Swarm, a well-known blockchain technology company, reportedly made an official announcement on April 10, 2019, regarding its aim to bring free tokens to the TRON blockchain. A report from the Medium says that individuals and properly-licensed enterprises can now issue fee-free tokenized assets through their platform.
Having known for creating tools in reaching out to the broad array of assets, Swarm’s tokenization on TRON will now allow every customer to make and complete their transaction with fewer to lesser fees. Justin Sun, the TRON founder and CEO of BitTorrent, revealed on his official statement that Swarm is now becoming the preeminent builders of the digital investment infrastructure.
He further added that the company’s decision to adopt the TRON blockchain will pave the way as they aim to achieve decentralized finance in the digital investment community. A report from Medium further confirms that Tether will also launch the USDT-TRON, another stablecoin based on Tether technology through its partnership with Bitfinex.
How Swarm Offers Fee-free Token to TRON?
According to Philipp Pieper, the Swarm Co-founder and CEO, the company’s dedication to delivering fast and free solutions to its customer through decentralized infrastructure is a sure fit to Swarm’s free tokenization technology. Accordingly, properly-licensed asset providers will now be able to issue security tokens through this blockchain.
Further, it has been eyed that investors will be allowed to use the TRX and USDT-TRON to purchase more security tokens. This movement from Swarms generally aims to meet every need of people wherever they are in the world. The company’s CEO ended his statement by saying,
This is about opening the door for the massive and engaged TRON community to enter this rapidly growing space.
Swarm’s Different Significant Developments – Explained
The significant involvement of Swarm with TRON blockchain has greeted the investors of the digital currency community. With the Swarm and TRON collaboration, everyone is gearing towards building new opportunities with the intention of providing customers a faster speed and cheaper charges on their transaction.
In a report from the Tokenist, Swarm revealed that their company did experience great developments in the past couple of months. In October 2018, the company officially revealed its Market Access Protocol to the public.
Further, more of its developments happened after two months when the Swarm made an announcement about their company to support about 30 fiat currencies on their security token platform. It was also in the same month when the TAT, or better known as TheArtToken, raised more than $11 million using the Swarm platform.
Apart from all these developments, reports also revealed that some industries like fine arts and different real-world assets have also been tokenized, which largely include real estate, equity, and investment funds. Over the past couple of years, Swarm has proven its name in the digital investment industry.
Without a doubt, it has proven to be one of the most successful companies in terms of the digital securities sector. Founded by Philipp Pieper and Timo Lehes in 2018, Swarm dedicates its services like tokenization, sales, and asset management into a wide-range of a decentralized marketplace.