Private equity blockchain network, Swarm announced on Tuesday that, with the first major update to the Swarm Asset Management Network, the platform is now live and ready to start taking investments. Swarm Fund token (SWM) wallets have now been integrated with the Alpha Platform and SWM token holders can start voting via the Swarm Liquid Democracy Voting Module (LDVM), powered by SecureVote.
The US-based company aims to help token holders invest in private equity, which has traditionally been the preserve of institutional investors. Users can vote on the type of investment opportunities they want to see on the platform, along with other foundation-level decisions, according to a press release.
Decisions are, initially, non-binding, the company stated, and are designed to help Swarm token holders become familiar with how voting and governance works on the platform.
“We’re delighted to go live with this version of the Swarm Asset Management Network, nearly a month ahead of schedule,” said Philipp Pieper, CEO and Co-Founder of Swarm, in a statement. “Items like an integrated wallet and a dedicated governance module are crucial to further molding the Swarm product based on the community’s desires.”
Swarm aims to make traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the Swarm community by pooling together smaller investments into larger, institutional-sized blocks. It also aims to give fund managers access to capital from a new class of investor who wants access to institutional-type investments, but doesn’t have the high minimums many institutional funds require.
Other new features on the Swarm Asset Management Network Alpha include the integration of a ballot discussion module, a new claim process for airdropped /SWM tokens, and a real-time optimized coin price integration based on input from multiple exchanges around the world.
For more information please visit the Swarm Fund website: www.swarm.fund