TRON Foundation Introduces Zero-Fee Tokenization of Assets via Partnership with Swarm
Swarm, a blockchain-based development firm which provides “fee-free tokenization of assets” that generate dividends, has reportedly decided to allow financial service providers with “proper licensing” to launch security tokens on the Tron (TRX) blockchain.
Asset providers who’ve submitted proper documentation related to know-your-customer (KYC) / anti-money laundering (AML) checks will be able to access Swarm’s proprietary software. The company’s software tools have been designed to “make it easier to unlock and capture value” across a wide variety of asset classes.Tron-based Tokenization To Allow Faster, Cost-Effective Transactions
Moreover, tokenization on Tron will allow users to “complete transactions faster” and in a cost-effective manner, TRON Foundation’s official blog post noted. Commenting on the initiative, Justin Sun, the founder of Tron and CEO of BitTorrent, remarked: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.
In addition to facilitating the free-of-cost tokenization of assets through a recent partnership with Swarm, TRON’s development team is set to launch a Tron blockchain-based USDT stablecoin.
According to TRON Foundation’s blog, the Tron-powered USDT coin has been developed through a collaborative effort involving Tether Ltd. and Bitfinex, a Hong Kong-headquartered and British Virgin Islands-registered digital asset exchange. Confirming that USDT is backed,...