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PALO ALTO, CA, December 19, 2018 (GLOBE NEWSWIRE) – (via Blockchain Wire) Swarm (www.swarm.fund), an open non-profit infrastructure for digital titles, announced today that TheArtToken (TAT) , an investment opportunity issued using Swarm's technology exceeded its first funding goal with over $ 5 million USD committed.
"At the beginning of this month we announced two important advances in digital assets: the launch of TheArtToken and the new gateway of Swarm's fiat investor with Mercury FX.Not a surprise that days later, we are seeing TAT reach their first funding target, with many investors choosing to use fiat currencies to buy TAT, "said Philipp Pieper, CEO and co-founder of Swarm. "Investors seek familiarity and confidence, and offers from TheArtToken and Mercury FX teams intersect on Swarm to offer investors a tangible investment opportunity and the ability to invest securely using their currency of choice."
TAT allows investors to benefit from the combined benefits of the latest open blockchain technology and the oldest tangible resource created by man in the world, art. Each TAT purchased represents the fractional ownership of a collection of Post War & Contemporary Art managed by Fine Art Digital experts, which is stored in a Swiss customs warehouse protected by the Swiss government.
Mercury FX, a reliable global currency specialist, manages Swarm's fiat investment gateway. Thanks to this integration, investors using the Swarm platform can now commit funds using over 30 fiat currencies, including USD, EUR, CHF and GBP. Swarm investors can also choose to commit funds using Bitcoin (BTC), Ethereum (ETH), Dai, Dash and SWM cryptocurrencies.
The TAT sale continues on Swarm, with TheArtToken team aiming to raise a minimum of 16 million dollars.
About Swarm
Swarm is an open non-profit infrastructure for the creation, issuance and transfer of digital titles. By building an investor marketplace to discover and access previously exclusive asset classes such as real estate funds and private equity, Swarm allows you to invest together with others, forming a Swarm that collectively meets the minimum funding requirements to participate in these opportunities. investment. Swarm created the Market Access Protocol, an open source and decentralized system for the secure and compliant purchase and transfer of digital securities within and through blockchains.
Driven by the values of inclusion and disintermediation, Swarm builds tools to remove barriers between investors and investments. By providing the necessary infrastructure for compliance and compatibility, Swarm provides efficiency and access to multibillion dollar securities and private equity sectors, allowing space and all market participants to thrive.
Contact with the media:
Vivian Jane
Head of communications
Swarm
