TRON has announced that it has partnered with Swarm, a major security token platform. This partnership will allow projects to issue security tokens, which can be programmed for regulatory compliance, on the TRON blockchain. Swarm is a leader in this area, which makes this a significant announcement.
What the Partnership Means
Security tokens simply represent investments that would typically be considered securities, such as real estate, precious metals, and corporate equity. Security tokens also have built-in regulatory compliance features and can be used to automatically enforce KYC regulations. By contrast, ICO token creators must manually ensure that they are complying with regulations.
With that in mind, this partnership will allow projects to issue security tokens on TRON, assuming they are licensed to do so. This will provide some performance benefits: Swarm CEO Phillip Pieper has acknowledged TRON’s fast and free blockchain, which he says is a “natural fit” for Swarm’s existing technology and for new security…