The RWA platform Swarm Markets plans to offer tokenized gold through NFTs

ChainCatcher news, according to The Block, Berlin's RWA platform Swarm Markets plans to launch NFTs representing ownership of physical gold for individuals. The tokenized gold bars will be stored in the London Brink vault.

After completing the KYC and anti-money laundering (AML) processes, users will be able to exchange NFTs in a peer-to-peer manner through Swarm's decentralized over-the-counter (dOTC) platform.

Swarm claims that its tokenized gold will not be subject to the upcoming regulation of crypto assets (MiCA), as per the official text of MiCA, "this regulation should not apply to unique and non-fungible crypto assets, including digital art and collectibles."