Crypto Startup Swarm To List Security Tokens On OpenFinance Network

Announcements, Blockchain, News | August 31, 2018 By:

Swarm Fund, a blockchain for private equity, has partnered with OpenFinance Network (OFN) to list security tokens on OFN’s securities trading platform.

Swarm Fund is a fully decentralized capital market place that democratizes investing by using the power of the blockchain to open up high-return, alternative investment classes to smaller investors through asset-backed funds using crypto tokens. The Swarn platform allows real world objects to be “tokenized” using the SRC20 protocol, a cryptographic standard for security tokens. Tokenized objects become “assets” that can be easily managed, governed and traded.

OFN is a blockchain-based protocol and framework for the trading, clearing, and settlement of security tokens and other alternative assets. The company claims that it will enable all operations in a regulatory compliant manner. Its client roster includes banks, brokerage houses, custodians, and transfer agents serving the alternative markets.

OFN has been partnering with a list of prominent players in the blockchain industry, while also serving a global network of investors across various securities offerings types, including Regulation D, Regulation S, Regulation A+, and Regulation CF.

“OpenFinance is an industry leader and we are thrilled to bring liquidity to all SRC20 tokens through their trading platform,” said Philipp Pieper, CEO of Swarm Fund. “Their focus on traditional alternative assets and token-based securities is a perfect fit for Swarm’s investors and the tokens issued using our technology. OFN will also be the first trading platform to integrate with Market Access Protocol (MAP), which is an important step not just for Swarm, but for the entire security token industry.”

Juan Hernandez, founder of OFN, said that their agreement with Swarm Fund connects OFN to a pipeline of security tokens representing real-world investments.

“Their commitment to democratization and open infrastructure makes this a great relationship, and we’re excited to welcome their diverse investments to the platform,” Hernandez said.