DeFi platform Swarm launches Open dOTC, a permissionless tokenized real-world asset (RWA) trading platform.
The Open dOTC platform is built on the Ethereum network and utilizes decentralized over-the-counter (dOTC) smart contracts to eliminate slippage, ensure instant settlement, and minimize credit and counterparty risk through fully collateralized transactions.
The Swarm Tokenized U.S. Treasury Bond ETF is now available, and the platform plans to add tokenized publicly traded stocks such as Apple and Tesla. Transaction fees for Open dOTC are set at 0.25% for the purchase and destruction of Swarm’s Ethereum-based SMT tokens. (The Block)