Built on the Ethereum network, the dOTC platform utilizes decentralized smart contracts to facilitate over-the-counter transactions. Swarm representatives highlight that these contracts are specifically designed to eliminate slippage, ensure instant settlement, and mitigate credit and counterparty risks by fully securing transactions.
Open dOTC users already have access to trade tokenized US Treasury bonds, with plans in place to include tokenized versions of prominent American companies like Apple and Tesla.
“The lack of quality and viable platforms to trade tokenized assets is hindering their adoption. The launch of this new platform enables easier access to this space,” commented Swarm co-founder Timo Lehes.
The platform complies with MiCA regulations, ensuring that assets are issued and redeemed from wallets that have undergone KYC and AML checks. Furthermore, “tokens will be able to move freely between wallets, granting retail investors access to them.”
The transaction fee for Open dOTC will be 0.25%, with the funds being used to purchase and burn Swarm’s SMT tokens.
In November, Copper also introduced a platform for trading tokenized securities in the UAE.