The post Swarm Markets Partners with OrdinalsBot to Tokenize Physical Gold on the Bitcoin Network appeared on BitcoinEthereumNews.com.

According to a report by CoinDesk on October 17, German financial authority BaFin has recognized the groundbreaking move by Swarm Markets, a physical asset (RWA) platform, in partnership with OrdinalsBot. This collaboration aims to facilitate investments in physical gold via the Bitcoin network for the first time. Utilizing the innovative Ordinals protocol, the project allows for the engraving of unique serial numbers of physical gold bars onto satoshis, effectively enabling the tokenization of real assets on the Bitcoin blockchain. This novel approach provides investors with the opportunity to simultaneously hold both physical gold and digital gold, thereby enhancing asset diversification. The anticipated launch of this service is scheduled for the end of this year, promising to reshape how investors interact with precious metals in the cryptocurrency ecosystem. Source: https://en.coinotag.com/breakingnews/swarm-markets-partners-with-ordinalsbot-to-tokenize-physical-gold-on-the-bitcoin-network/

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Filed under: News - @ October 17, 2024 7:18 am