Cryptocurrency startup Swarm has takena significantstep towards its goal to list tokens thatenableinvestorsto buyshares in fractions via Robinhood mobile trading platform.
The multi trading Robinhood platform offers a wildly-popular commission-free trading to its customers and had recentlyclaimed its profits in Bln’s tothe overallpublic througha conventionalpublic listing.
Those hurdles, however,failed toforestallSwarm from findingthe wayto bring Robinhood shares tothe general publicanyway.
Through this deal of partnership with brokers and syndicate managers, Swarm has sourced equity from former Robinhood firm’s to help achieve itsultimatemercantilism, whose shares are listed on the Swarm platform as SRC-20 tokens.
In any case, these new tokens are available live on the Swarm platform, with market capiltalization holding at $1Mln in contributions. The chief operating officers of Swarm Fund ‘Philipp Pieper’ aforesaid in a statement mentioning:
“Secondary equities transactions and refinancing of legal entitiesthatholdnon publiccompany equityaren’t newwithin theUnited States. What’s new hereis that thetokenizationof theseassets are opened by the new doors of innovation.”
He further added:
“One of the key innovations of tokenization is that token holders can participatewithin theworth creation of the networkof which they should be a part. Swarm isguidingthis paradigm shift tocorporations thatwould play akey roleamongthis movement.”
At present, Swarm tokensarerestricted toauthorizedinvestors who must demonstrate that they owe a net worth of at least $1 Mln or an earning above $200,000 USD ($300,000 USD combined if married) in each since the past 2 years and expect to meet that gateway in the present year as well.