Swarm Unites with OrdinalsBot to Offer Bitcoin Gold Investment Opportunities
In Brief
This collaboration with OrdinalsBot allows Swarm to provide gold investments represented by distinct serial numbers marked as ordinals, essentially integrating real gold into the Bitcoin ecosystem.
Real-world asset (RWA) platform Swarm Swarm has announced a partnership with Ordinalsbot an application tailored for minting and managing Bitcoin inscriptions that facilitates the introduction of tangible gold within the Bitcoin framework, offering gold assets indicated by distinct serial numbers marked as ordinals.
According to Timo Lehhes, one of the co-founders of Swarm, \"Empowering investors to possess gold on the Bitcoin blockchain opens up an extraordinary avenue. Now, there’s no need for investors to choose between holding physical or digital gold, as our ordinals make it possible to hold both simultaneously on a shared blockchain infrastructure,\" he added.
This groundbreaking launch allows users to purchase physical gold that can be confirmed on the Bitcoin blockchain. This innovation not only enables gold trading on-chain but also provides a way for users to diversify their holdings across both physical and digital assets within a single compliant environment. Markets in Crypto-Assets (MiCa) regulations.
As more financial entities invade the Bitcoin market via exchange-traded funds (ETFs) and awareness of Bitcoin's possibilities expands, Swarm is optimistic about the surge in innovation within the Bitcoin blockchain. This endeavor transcends basic commodity investment and aims to cultivate entire ecosystems and diverse use cases on the Bitcoin network.
When acquiring these investments, purchasers enjoy up to three years of included storage, with future storage costs handled through a programmatic approach. The physical gold, whether in ounces or kilobars, is shipped to addresses verified through KYC processes, ensuring that all regulatory standards are met. Customers have the freedom to choose vault locations around the world, including options in the UK, Dubai, and Switzerland. In addition, users can generate commodity tokens by grouping together gold-backed non-fungible tokens (NFTs), which makes gold not only functional but also accessible for investments starting as low as $1. They have the option to trade with qualified individuals or choose unrestricted alternatives depending on their compliance obligations.
What Is Swarm?
Swarm is a blockchain platform offering tokenization and trading solutions aimed at traditional financial sectors. They work alongside RWA asset owners to tokenize collateral and create a compliant trading infrastructure. Notably, Swarm stands out as the first organization worldwide to successfully provide tokenized US Treasury bills and publicly traded stocks through a decentralized and compliant platform.
Recently, the platform unveiled gold-backed NFTs on Ethereum as a novel alternative to traditional gold ownership methods. This initiative offers users expanded choice by enabling diverse tokenized gold portfolios, with plans to incorporate additional blockchain technologies in the future.
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