Swarm, a Berlin-based DeFi platform regulated by BaFin in Germany, has launched a permissionless trading platform for tokenized real-world assets, dubbed "Open dOTC," as a public goods service. 

Built on Ethereum, the platform utilizes decentralized over-the-counter (dOTC) smart contracts. These contracts are designed to eliminate slippage, ensure instant settlement and minimize credit and counterparty risks by fully collateralizing trades, according to a statement.

Swarm’s tokenized U.S. treasury bond ETFs are available at launch, with the platform planning to add tokenized publicly traded stocks such as Apple and Tesla.

“Adoption of tokenized assets is impeded by a lack of viable platforms where they can be traded,” Swarm co-founder Timo Lehes said. “The launch of this public …