Berlin-based DeFi platform Swarm, which is regulated by the Federal Financial Supervisory Authority (BaFin) in Germany, has launched “Open dOTC,” a permissionless trading platform for tokenized real-world assets.
The platform operates within the decentralized over-the-counter (dOTC) arena, utilizing smart contracts on the Ethereum blockchain.
The purpose of these contracts is to eliminate issues such as slippage, and ensure immediate settlement of trades, while also minimizing credit and counterparty risks through full collateralization.
Initial offerings on the platform will include tokenized US treasury bond ETFs, with plans to later introduce tokenized stocks of publicly traded companies such as Apple and Tesla.
Swarm co-founder Timo Lehes stated that the lack of viable trading platforms has hindered the adoption of tokenized assets.
He also expressed optimism for the future of tokenized real-world assets, stating that the launch of “Open dOTC” would allow more people to take advantage of the potential that has emerged in this area in recent years.
