$SMT lists on Bitstamp, world’s longest-running crypto exchange
Swarm, a real-world asset platform that integrates traditional financial services with blockchain technology, today announces its payment token, $SMT, will make its fifth exchange listing on Bitstamp, the world’s longest-running crypto asset exchange.
Bitstamp is a European cryptocurrency exchange founded in 2011. It has over 4 million users and holds 50 licenses and registrations in key jurisdictions globally.
This is just another step in offering $SMT in a regulated way so that more people can access the ERC-20 token. It follows $SMT’s listing on Uphold, a regulated trading platform akin to eToro and Robinhood, giving 10 million users access to crypto assets in a safer way.
From 13:15 UTC, Thursday, 6 June 2024, investors on Bitstamp will be able to trade Swarm Markets’ token, $SMT.
How is $SMT linked with RWAs?
$SMT is closely linked with the issuance and trading of tokenization of real-world assets (RWA). The RWA narrative is on track to be one of the biggest trends in the next crypto bull run and beyond, as more assets move on chain.
Swarm is a blockchain platform that brings unique tokenization and trading solutions to the world of traditional finance and DeFi. It is the first organization in the world to offer tokenized US treasury bills and Apple stock via a compliant and decentralized platform. It is one of only two RWA platforms that can offer its tokenized assets to retail investors at no minimum investment amount.
The $SMT token facilitates efficient payments on the Swarm platform and powers incentive mechanisms, including fee discounts for traders and boosted rewards for liquidity providers. Token holders can also earn rewards by investing in and staking against Swarm’s tokenized RWAs.
In December 2023, Swarm launched a permissionless trading platform for anyone to trade tokenized real world assets. Trading fees from this platform automatically burn $SMT and RWA issuance from the platform contributes towards weekly rewards calculations.
Where can I trade it?
The token listing on Bitstamp follows $SMT’s listings on:
- Uphold in May 2024
- BingX in April 2024
- Gate.io in February 2024 (under the ticker $SMTX)
- MEXC in December 2023.
The Swarm Markets team hopes to announce more centralized exchange listings in the pipeline. A roadmap of what the Swarm team set out to achieve in 2023, what they delivered and what to expect in 2024 can be found here.
Useful links
- For tokenomics and distribution, visit the SMT docs page.
- Visit CoinGeck for up-to-date $SMT stats and figures.
- Deflationary measures and increased utility for $SMT were introduced in April 2023. You can find more details here.
- In August 2023, we announced that SMT holders will be able to stake their tokens against the tokenized securities listed on the Swarm trading platform to earn rewards. Read about staking here.
- For total circulating supply figures, use our API.
About Swarm
Swarm is a blockchain platform for real-world asset platform that integrates traditional financial services with crypto. It is the first organization in the world to offer digitized US treasury bills and Apple stock via a compliant and decentralized platform.
Day to day, we work with real-world-asset owners to tokenize collateral and build trading infrastructure in a regulatory compliant way. Issuers that need compliance guarantees from a top tier jurisdiction to build secondary markets of tokenized securities, including fixed income products, choose to partner Swarm.
Swarm is a hybrid, embracing the advantages of blockchain-trading — flexibility, speed and efficiency — and pairing it with the trust and asset-range typically enjoyed by traditional exchanges. Swarm aims to integrate TradFi with DeFi so that everything becomes “Fi”. For more information, visit the website.
