Asset

Issuer

Asset Type

Asset Classes

Tesla Inc (Swarm)

Issuer Swarm

Regulation Registration with Liechtenstein Financial Market Authority under the Prospectus Regulation + German Common Law

Location Pestalozzistraße 3, 10625 Berlin, Germany

Metrics

Price $ 216.12

Assets Under Management $ 48,800

As of Aug. 18, 2024

Description

Swarm is the issuer of a Stock Certificate Token on Tesla Inc public equity share.

The Stock Certificate Token is a debt instrument issued by a special purpose vehicle (SPV) registered in Germany, Swarm GmbH, backed by public listed shares of the underlying, Tesla Inc (ISIN US67066G1040)

The token is issued upon the receipt of the underlying shares by the custodian, held as collateral and claimable upon redemption.

Subscriptions and Redemptions are made by the transfers of the underlying’s shares between Investors and Custodian, with Swarm acting as a Trustee to verify transfers and issue tokens.

The Tesla Inc Stock Certificate has no expiration date and is registered under the Liechtenstein prospectus law. The structure of the product is not regulated, nor the Issuer or the tokenization platform.

On-chain tokens can be transfered and used in decentralized finance applications. However, subscriptions and redemptions are processed after a KYC and on onboarding on Swarm platform.

Swarm offers different features on its platform such as real-world asset staking and decentralized over-the-counter (dOTC) platform. This peer-to-peer listing mechanism allows an easy-to-access trading of the Tesla Inc token between eligible holders.

Platforms

Blockchains

Smart Contracts
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