# Swarm

> The gold standard for blockchain-based finance

Swarm was a platform for tokenizing and trading real-world assets. It let users trade tokenized real-world assets alongside cryptocurrencies from a self-custody wallet.

Swarm was a platform for tokenizing and trading real-world assets. It let users trade tokenized stocks, bonds, and commodities alongside cryptocurrencies, with each token backed by the underlying asset. Users traded from their own wallets after identity verification.

A decentralized over-the-counter protocol called dOTC let counterparties place private or public offers settled through escrow smart contracts. Tokenized products could be redeemed for the underlying asset or its cash value. A utility token rewarded liquidity providers and gave holders governance rights.

The platform served retail traders, institutions, and issuers that wanted compliant secondary markets for tokenized securities. Following an acquisition, the tokenized product offering was sunset.

- Type: Company
- Sector: Finance
- Status: Acquired
- Founded: 2021-10-01
- Profile: https://thegrid.id/profiles/swarm

## Products

- [Swarm](https://thegrid.id/profiles/swarm): Swarm was a platform for tokenizing and trading real-world assets on-chain with self-custody and asset-backed tokens. Users traded tokenized stocks, bonds, and commodities alongside cryptocurrencies after identity verification. The tokenized product offering was sunset. (RWA Tokenisation Platform, Inactive/Support Ended, Main Product)
- [dOTC](https://thegrid.id/profiles/swarm): dOTC is a peer-to-peer trading protocol for large orders using smart contracts, supporting private offers, escrow-based execution, and automated expiration. (OTC, Live)

## Assets

- [Swarm Markets Token (SMT)](https://thegrid.id/profiles/swarm): SMT is the utility token of Swarm Markets. It is used to pay platform fees at a discount, reward liquidity providers, and take part in governance through Snapshot voting. Holders can stake SMT to earn rewards and gain voting power in the Swarm Markets DAO, which governs token reserves and platform policies. (Utility)

## Links

- [Main](https://swarm.com)
- [Documentation](https://docs.swarm.com)
- [Blog](https://swarm.com/newsroom)
- [Documentation](https://app.chainwiki.com/site/swarm-docs)
- [Whitepaper](https://swarm.com/swarm-markets-dotc-white-paper)
- [Terms of Service](https://docs.swarm.com/about/terms/tos)
- [Privacy policy](https://docs.swarm.com/about/terms/privacy)
- [Twitter / X](https://x.com/SwarmMarkets)
- [LinkedIn](https://linkedin.com/company/swarm-com)
- [Telegram](https://t.me/SwarmSMT)

## Legal

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The following applies to both licensing models.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP