Swarm NFT Initiative Brings Gold-Backed Assets to Users Ahead of MiCA

Swarm, the Berlin-based RWA platform founded by innovator Timo Lehes, is revolutionizing the non-fungible token (NFT) space with its brand-new gold-backed product ahead of the European Union’s new MiCA regulation.

Swarm Users Have More Control Over Assets With Gold-Backed NFT, CEO Says

Swarm’s latest venture will allow customers to buy a real-world asset backed by a gold bar linked to its own unique NFT.

The new initiative by the German company could be promising for those interested in having greater control over their assets as the world faces increased fragility and violence.

“We’re so used to having balances on banks, brokerage accounts, and elsewhere, and we have no control over those assets,” Lehes stated, noting that Swarm offers users full transparency over their store of value. “Actually bringing things on-chain, you do have the legal right to that underlying asset, and you’re actually controlling the asset through your own wallet.”