TRON Blockchain Cuts Deal with Swarm For Security Tokens

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Blockchain technology company Swarm, a which provides fee-free tokenization of assets which pay dividends, will allow asset providers with proper licensing and KYC measures to issue security tokens on the TRON blockchain, according to an announcement last week.

“TRON’s dedication to delivering fast, free solutions using decentralized infrastructure make them a natural fit for Swarm’s open tokenization technology. Issuers will be able to offer security tokens on Tron’s blockchain and will allow investors to use TRX and USDT-TRON to purchase security tokens. This is about meeting people where they are, and opening the door for the massive and engaged TRON community to enter this rapidly growing space.” said Philipp Pieper, co-founder and CEO of Swarm.

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Swarm creates tools to make it easy to unlock and capture value across a broad array of assets and opportunities. Tokenization on TRON will allow customers to complete transactions faster, with few fees.

“Swarm is one of the preeminent builders of digital investment infrastructure and its decision to adopt the TRON blockchain will further our push to make decentralized finance the next big thing for the investment community,” said Justin Sun, founder of TRON and CEO of BitTorrent.

Tether will launch USDT-TRON, a stablecoin based on Tether technology in partnership with Bitfinex. These stablecoins are pegged to the U.S. dollar and can be used in smart contracts for security tokens that offer a dividend to the holders of their respective security tokens. Stablecoins reduce the volatility that cryptocurrency traditionally effects on institutional buyers who are more risk-averse.

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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