Swarm, an open infrastructure for tokenizing securities has recently announced that it will offer the token issuers free issuance of their security tokens. The firm aims that the free tokenization of assets could help scaling up the global adoption.

Philipp Pieper, CEO and Co-Founder of Swarm.  “In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process,”

Also Read: Currency.com Launches World’s first Regulated Tokenised Securities Exchange

The reward for token issuers is a part of Swarm staking model. TheArtToken, a digitized security issued using the Swarm’s platform, recently announced that they have exceeded their $16M minimum funding goal.

Levent Süer of Fine Art Digital / XBlocks noted “The Swarm platform made it easy for us to issue TheArtToken. Their stake-to-issue model not only gives us skin in the game, but the extra incentive of staking rewards means that in addition to paying no fees, we now earn SWM each month.”

Previously Swarm announced its integration with Mercury FX, a trusted global currency specialist. Through this integration, investors who are using Swarm’s platform would be able to commit funds using over 30 fiat currencies, including USD, EUR, CHF and GBP.

Lastly, as ICO fundraising model became increasingly unpopular after several associations with scams, where many of them failed to turn profitable, security tokens are expected to rise to take their place as the normative funding model for crypto investors.

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