Subscribe to Our Newsletter
Saturday July 02, 2022
Bitcoin (BTC) $19,279.46   Ether (ETH) $1,064.59
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Token Offerings/Listings

Robinhood Equity Token (RHET) goes live for funding on Swarm

Published by CryptoNinjas.net
08/15/2018
Robinhood Equity Token (RHET) goes live for funding on Swarm

Swarm, the blockchain for private equity, today announced that pre-funding of the Robinhood Equity Token (RHET) is now live on the Swarm platform. Starting today, accredited investors can reserve their stake in a fund created for the purpose of holding equity in Robinhood.

The first security token of its kind, once the minimum funding goal is reached a Swarm syndicate manager will form an entity using Swarm, acquire equity through established relationships with former employees and other equity holders, and convert committed funds into RHET equity tokens.

[perfectpullquote align=”full” bordertop=”false” cite=”Philipp Pieper, CEO of Swarm Fund” link=”” color=”” class=”” size=””]“Secondary equities transactions and refinancing of legal entities which hold private company equity are not new in the United States. What’s new here is the tokenization of these assets, and the doors opened by this innovation. One of the key innovations of tokenization is that token owners can participate in the value creation of the very network they are part of. Swarm is bringing this paradigm shift to companies that are key players within this movement, but have yet to permit the network to participate.”[/perfectpullquote]

Swarm provides blockchain-based infrastructure for the tokenization of assets. Each tokenized asset is represented by a unique security token, created using the SRC20 standard. For individual company equity tokens coming to Swarm, an entity is created for the specific purpose of holding this equity. The ownership of this entity is tokenized for investors to access. Their token holdings represent fractional ownership of that entity, which in turn holds equity in a given company.

The SWM token itself is used for gas, governance, and incentives on Swarm, much like how ETH serves as gas for applications running on Ethereum. The Robinhood Equity Token (RHET) is the first of many tokens representing equity in private companies expected to launch on the platform.

18
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

SWARM launches simple DIY security token issuance app

10/23/2019
SWARM launches simple DIY security token issuance app

SWARM, an open-source tokenization network, has announced that its recently launched premium service, Swarm Capital is launching the SWARM app: a self-serve tool that is capable of issuing fully regulatory compliant digital securities or...

Read more

After BitLicense, Robinhood Crypto finally available in New York State

05/23/2019
Robinhood Crypto to roll out in New York after receiving BitLicense

Robinhood Markets, a Silicon Valley-based stock trading app company, today announced that New Yorkers can now officially buy cryptocurrencies on Robinhood Crypto. At the beginning of the year, Robinhood Crypto received the BitLicense and...

Read more

Robinhood Crypto to roll out in New York after receiving BitLicense

01/24/2019
Robinhood Crypto to roll out in New York after receiving BitLicense

Robinhood Markets, a Silicon Valley-based stock trading app company founded in 2013, and which launched Robinhood Crypto a year ago, announced today that the company has received a virtual currency license, also known as...

Read more

Swarm releases new protocol for security token compliance

08/29/2018
Private equity blockchain Swarm introduces masternodes to scale its decentralized network

Swarm, a blockchain for private equity, today announced the release of its Market Access Protocol (MAP) for tokenized security trading. Currently, there are several qualifications that must align for security tokens to be traded compliantly....

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Fintech services platform Colendi acquires enterprise blockchain company SETL

Fintech services platform Colendi acquires enterprise blockchain company SETL

06/27/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

06/30/2022
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy