PALO ALTO, CA — Swarm (www.swarm.fund), the blockchain for private equity, today announced the release of its Market Access Protocol (MAP) for tokenized security trading. Currently, there are several qualifications that must align for security tokens to be traded compliantly. For a transaction to be rendered fully compliant at the point of execution, parties must confirm the existence of valid credentials for each participant, and also ensure adherence to token requirements and restrictions. Swarm’s Market Access Protocol provides a streamlined solution that facilitates the efficient flow of compliant transactions while offering both privacy protection for participants and regulatory compliance.
“Existing whitelisting solutions are highly demanding on investors and infeasible for qualification providers and exchanges to adopt,” said Philipp Pieper, CEO of Swarm Fund. “With MAP we are releasing an open protocol that enables participants in the security token market to interact based on essential privacy, incentives, and integration efficiencies. MAP will be a catalyst for the next wave of growth in crypto investing.”
Swarm’s MAP contains a graph of protected data that can instantly surface whether or not a particular wallet is compliant with the requirements for any security token transfer. The MAP graph shows whether a wallet has been validated against a set of qualifications (including KYC/AML, accredited investor, and geographically-based rules), which Qualification Providers provided that validation, what the associated costs are, and whether the validated data is congruent to the rules for the security token subject to each transaction. MAP does not contain personally identifiable information connected to each wallet.
MAP will enable the entire industry to build and innovate in respective areas of expertise while connecting in a standardized way. This framework empowers the entire security token market, including centralized and decentralized exchange models, to grow faster. As a compliance ledger and open-data oracle, third-party wallets and blockchains can incorporate MAP into their compliance structures. The open and decentralized protocol enables all of the above without reliance on any middleman – including Swarm itself.
About Swarm Fund
Swarm is a non-profit providing open infrastructure for the creation, issuance, and trading of digital securities. Asset owners and fund managers can issue security tokens using Swarm’s technology with no fees, facilitating access to fractional ownership in formerly exclusive asset classes like real estate funds and private equity. Swarm empowers investors to invest alongside others, forming a Swarm that collectively meets minimum funding requirements to participate in these investment opportunities, also with no fees. Swarm has created Market Access Protocol, an open source, decentralized system for the safe and compliant purchase and transfer of digital securities within and across blockchains.
Guided by the values of inclusion and disintermediation, Swarm builds tools that remove barriers between investors and investments. Providing needed infrastructure for compliance and compatibility, Swarm brings efficiency and access to the multi-trillion dollar securities and private equity sectors, enabling the space and all market participants to flourish.
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