The partnership between Tron and Swarm will offer asset providers a possibility to issue security tokens on the Tron network.
Tron is actively growing. And the rates of its growth and expansion are rather impressive. If last year it made headlines thanks to being listed by different crypto exchanges, now the foundation is working on establishing new strategic partnerships and attracting developers to move their DApps from other blockchains.
New Opportunity for Asset Providers
As it has become known now asset providers will get the possibility to issue security tokens on the Tron blockchain. Such an option has become possible thanks to Swarm. It is a blockchain technology firm which provides fee-free tokenization of assets that can bring dividends.
This information has been provided by the Tron Foundation. Nevertheless, the company warns asset providers that only those of them who have proper licensing and know your customer (KYC) measures can use the newly offered service and issue their security tokens on this blockchain.
In general, Swarm is working on designing tools aimed at facilitating the process of unlocking and capturing value across a wide range of various assets. In this very case, the new solution has similar goals.
Thanks to the allowed tokenization on TRON, customers will enjoy higher transaction speeds and zero fees.
Cooperation with Swarm
Justin Sun, the CEO of Tron, believes that Swarm is one of the leading startups that is working in the sphere of development of digital investment solutions. He praised the firm for using all chances to expand opportunities for this industry.
He also expressed his hope that this cooperation will help Tron to get one step closer to the decentralization of the global financial system and to making decentralized finance an essential part of the investment world.
Speaking about this new partnership, Sun stated:
“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.”
Philipp Pieper, co-founder and CEO of Swarm, also commented on their new initiative:
“TRON’s dedication to delivering fast, free solutions using decentralized infrastructure make them a natural fit for Swarm’s open tokenization technology.”
According to the recently published announcement, Tether is planning to launch USDT-TRON, a stablecoin that is based on Tether technology.
“Issuers will be able to offer security tokens on Tron’s blockchain, and will allow investors to use TRX and USDT-TRON to purchase security tokens. This is about meeting people where they are, and opening the door for the massive and engaged TRON community to enter this rapidly growing space,” added Pieper.
New Heights for Tron
Nevertheless, this partnership is not the only reason to speak about Tron today.
As it has been revealed by analytics website DApp.com, Tron has all grounds to be proud of having the fastest growing DApp user base that amounts to over 300,000 users.
At the same time, Ethereum is losing its users, it has a 4 percent decrease in the number of DApp users if compare today’s figures with the previous year’s data.