Swarm and Monarch Partner to Support the Liquidity of Security Tokens

Monarch Blockchain Corporation and Swarm officially announced a partnership agreement this week, with the move providing further liquidity to the Swarm Utility Token (SWM) and all of the SRC-20 Security Tokens created by Swarm that represent fractional ownership of investment opportunities in real-world assets.

Monarch is a universal cryptocurrency wallet and payment solution, compatible with fiat deposits and withdrawals that allows for the secure management of assets from one easy-to-use app. Instead of having multiple exchanges, wallets and software, Monarch will simplify the crypto trading experience with the secure storage of multiple cryptocurrencies and access to the Monarch Exchange to buy and sell at the best possible prices.

Monarch will be implementing the ‘Market Access Protocol’ (MAP) created by Swarm alongside the release of the Monarch Exchange, due to launch Q1, 2019. MAP is an open sourced protocol that ensures the seamless flow of compliant transactions, within the regulatory framework of both individual parties to meet all geo-based jurisdiction, investor qualifications, KYC/AML, etc.

The implementation of MAP provides a consistent and efficient way to buy and sell security tokens, which is a complex and costly task if actioned by an individual centralized blockchain platform, as it is then responsible for ensuring each and every trade made on its exchange is compliant. Plus only allowing for the trade of security tokens within one centralized platform does not deliver on the full promise of global liquidity as a interoperable solution like Swarm’s MAP does.

“We at Monarch believe STOs are paving the way for compliant digital assets. We aim to support all security tokens on the Monarch Wallet, and with Swarm’s Market Access Protocol we will be able to deliver safe and compliant in-app security token trading.” — Sneh Bhatt, CEO of Monarch Blockchain Corp.

The new agreement likewise benefits Swarm, as it further broadens the company’s sources of liquidity and provides maximum security for the SWM and SRC-20 token holders with Monarch’s cold storage service. The partnership is mutually-beneficial as the two companies share in the same goal to create a better future with blockchain via the effective distribution of assets and access to financially rewarding opportunities made more available to all.

For information about Swarm head to Swarm.Fund

For more information about Monarch Blockchain Corporation head to MonarchToken.io