Swarm Markets’ Gold-Backed NFTs Expand Real-World Asset Tokenization Sector

Swarm Markets is at the leading edge of real-international asset (RWA) tokenization with its release of gold-backed NFTs. These NFTs represent possession of bodily gold securely saved in a Brink’s vault in London. By imparting peer-to-peer trading of those NFTs on their decentralized over the counter (dOTC) platform, Swarm Markets merges the ability of decentralized finance (DeFi) with the steadiness and liquidity of traditional finance (TradFi), making gold investments extra accessible. The platform guarantees compliance with realize-your-purchaser (KYC) and anti-money laundering (AML) regulations.

Swarm Markets goals for its gold-backed NFTs to align with the approaching Markets in Crypto-Assets (MiCA) regulation within the European Union (EU). MiCA presently does not cowl unique, non-fungible crypto-belongings like digital art or collectibles, or those tied to particular physical assets together with actual property.

Regulatory compliance is essential in the tokenization space. Alex Malkov, Co-founder of HAQQ Network, emphasizes the want for transparency, normal audits, and clean verbal exchange of safety features to build investor consider.

Swarm Markets' gold-backed NFTs exemplify the growing trend of actual-global asset tokenization. A current EY file suggests that this trend is gaining momentum among institutional buyers, with 50% of respondents expressing hobby in investing in tokenized property.