Justin Sun believes that tokenization on the Tron blockchain will allow users to conduct transactions faster and with fewer fees.
Swarm to bring security tokens into the Tron network
Asset providers can issue security tokens for the Tron blockchain thanks to Swarm, a blockchain-based company that enables the tokenization of assets that also pay off.
The Tron Foundation made the announcement on April 9th, adding that only asset providers with proper licensing and understanding of your customer actions (KYC) will be able to access this new service.
Swarm @Swarm to bring security tokens into the #TRON blockchain. #TRX $ TRX https://t.co/Zq4kTmMTRO
– TRON Foundation (@Tronfoundation) April 10, 2019
The company creates tools that make it easier for people to access value across a wide variety of assets. Justin Sun, the CEO of Tron and BitTorrent tweeted that tokenization on the platform allows customers to complete transactions faster and with fewer fees.
Sun recognized Swarm as a leading developer of digital investment infrastructure. Choosing to use the Tron blockchain will help make decentralized funding an integral part of the investment world.
Swarm creates tools with which you can easily activate and record values for a variety of resources and possibilities. By tokenization on #TRON, customers can complete transactions faster with fewer fees. #TRX $ TRX https://t.co/ut93AsI4gd
– Justin Sun (@justinsuntron) April 10, 2019
Philipp Pieper, co-founder and CEO of Swarm, was enthusiastic about this latest development and praised Tron for its commitment to delivering fast, free solutions using a decentralized infrastructure. Pieper added that Tron’s features make it the perfect platform for hosting its open tokenization technology.
The USDT-TRON stablecoin would be used in smart contracts for security tokens that pay dividends to their investors and token holders. Pieper added that developers could offer security tokens on the Tron network, so investors could use TRX coins and the USDT-TRON stablecoins to purchase security tokens.
Swarm is confident that its partnership with Tron will pave the way for the massive and dedicated Tron community to venture into the world of security tokens. The Tron community loved this latest development, and most of them were very confident about the long-term benefits of the project.
Justin Sun gives indications of a possible Ethereum partnership and expansion of the Sun network in May
A few days ago, Justin Sun suggested that the Tron network ecosystem would officially partner with Ethereum developers this year. He made this reveal during an interview with Crypto Chick Podcast.
Responding to a tweet from Ethereum’s co-founder Vitalik Buterin, Sun believes the two smart contract platforms would partner to improve the industry. Tron and EOS were the main competitors of Ethereum in the dApp and a smart contract ecosystem, and a partnership between Tron and Ethereum could turn out to be great for the cryptocurrency space.
Towards a brighter morning pic.twitter.com/7FAWC7TS8z
– Vitalik non-ether giver (@VitalikButerin) April 1, 2019
In a further development, the Tron Foundation announced that the expansion of the SUN network should begin next month.
According to the contribution, the network expansion plans would contain dApp sidechains and enable the cross-chain expansion of the infrastructure for other projects.
The foundation is confident that the SUN network will increase the overall capacity of the Tron blockchain and increase transaction speed as well as the efficiency of smart contract execution.
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