TheArtToken raised over 5 million through Swarm platfom
Since art has long history in human civilization with its precious value, when it comes to STOs market, it definitely be huge with unlimited potential. Swarm recently announced TheArtToken (TAT) by FineArtDigital, has successfully achieved the first funding goal of USD$5 million, through its platform.
With the token, the investor represent by holding a specific percent of ownership, in which they can gain profit from the tokenization of the art collection, from Post War and Contemporary aspect, which safely held by Swiss government. The token sale continues, as the company minimum target for raising USD$16 million.
Swarm also collaborated with Mercury FX, a global currency specialist as its fiat investor gateway, so that investor can commit funds using over 30 fiat choices, like USD, EUR and GBP.
“It is no surprise that days later, we are seeing TAT reach their first funding target, with many investors choosing to use fiat currencies to purchase TAT,” said Philipp Pieper, CEO and Co-Founder of Swarm. He also stated that it brings investors a tangible investment opportunity, and they can invest safely with their choice of currency.