Announcing Inclusion of the Swarm Fund Platform Token, SWM, in Jaxx

Announcing Inclusion of the Swarm Fund Platform Token, SWM, in Jaxx

25th October 2017 – Decentral Community Space – Toronto – Today Jaxx is excited to announce support for the Swarm Fund platform token, SWM, in the Jaxx ecosystem.  

Swarm’s infrastructure platform provides a facility to create and operate asset-backed tokens. “Swarm’s launch represents the next iteration of crypto and blockchain technologies, while bridging the gap between traditional finance and the rapidly innovating cryptocurrency space,” said Joel Dietz, cryptocurrency pioneer, partner and co-founder of Swarm Fund. “The first wave of crypto was a peer-to-peer transactional system, with Bitcoin. The second wave came when Ethereum brought us smart contracts, and the programmability of crypto-tokens and other digital utilities. The third wave will be the securitization of those digital properties, backed by real-world assets such as real estate and brick-and-mortar companies, traded on the blockchain.”

Founded by Dietz, serial entrepreneur Philipp Pieper and fintech investor Timo Lehes, the Swarm Fund platform, powered by the SWM ERC20 token, enables the creation of asset-backed securities. Pilot funds built on the platform are expected to focus on distressed real estate, solar installations, software-as-a-service and cryptocurrency companies.

Anthony Di Iorio is excited about Jaxx support of the SWM token, “I’m determined to support interesting and effective applications of decentralized technologies to existing markets. The team at Swarm have built a platform that enables a novel approach to funding and investing in real estate projects. Integrating SWM into Jaxx is a great way for us to support the platform, the Swarm team and user community. We’re proud to support SWM in Jaxx once the token has distributed from its contract.”

About Jaxx:

Jaxx is a multi-token blockchain wallet that provides a unified experience across 8 platforms and devices, including Windows, Apple and Linux desktops, Apple and Android mobile devices and tablets, as well as a Google Chrome extension. The Jaxx wallet enables crypto-to-crypto exchange with frictionless in-wallet conversion via Shapeshift. Users are always in control of their keys and Jaxx neither holds nor has access to customer funds. Design and user experience driven, and built with simplicity in mind, Jaxx’s mission is to become the interface to the blockchain world. Jaxx was founded by CEO Anthony Di Iorio and is headquartered in Toronto.

About Swarm Fund

Swarm Fund is a fully decentralized capital marketplace that democratizes investing by using the power of the blockchain to open up high-return, alternative investment classes to smaller investors through asset-backed funds using cryptocurrency tokens. It makes traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the Swarm by pooling together smaller investments into larger, institutional-sized blocks. Swarm Fund also gives fund managers access to more capital from a new asset class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. Pilot investment vehicles on the Swarm Fund platform include a Distressed Real Estate Fund, a Solar Energy Fund, and a Crypto Hedge Fund.