Crypto & Blockchain News

SAWA Closes First Round of Private Sale, Ready for Public Presale Launch


OKAY, a pioneering platform specializing in tokenized Real World Assets (RWA) and advanced derivative tools, successfully completed its first round of private sale, bringing it closer to its anticipated public pre-sale. The project has received significant attention from esteemed investment funds in the UAE and Saudi Arabia, with a fundraising target of $4 million in an upcoming private sale stage. At the current pace of project development, the SAWA team is confident of launching a public presale round this summer.

SAWA stands out among 2023 crypto startups by focusing on decentralized solutions and RWA tokenization. The continued demand for investment assets has driven the growth of the ATMR token market. Real world assets have included tangible assets and monetary primitives that serve as collateral. RWA includes real estate, precious metals, cash and company debt. The RWA market represents the largest global market, which makes up the majority of financial value. With a global real estate market worth around $362 trillion and gold alone having a market cap of $11 trillion, the potential of tokenized RWA is evident. Industry experts, including CoinMetrics, have recognized the growth potential of real-world asset tokenization as a prominent area of ​​expansion in 2023. In the coming years, leading financial institutions such as BofA and Citi project the RWA token market to develop into a multi-trillion dollar industry.

SAWA’s pioneering tokenization protocol introduces a truly decentralized approach to the tokenized asset market and derivative tools. Built on a Zero-trust system, the SAWA protocol ensures maximum transparency and security for users. All tokens are backed by tangible assets, and all platform operations are decentralized, leveraging Chain automation, smart contracts and integrated solutions. Many of the platform’s features are readily available, with the first tokenized Dubai real estate object successfully sold on the SAWA marketplace on 15 May.

SAWA’s decentralized ATMR token marketplace offers investors access to secure and sustainable assets. Moreover, active market participants, including traders, have shown interest in decentralized and transparent solutions. Trading volume across major crypto exchanges represents the majority of crypto trades in the futures market. However, most services for derivatives trading are centralized, lacking transparency in terms of liquidity and smart contracts. Since the demand for decentralized futures trading solutions has increased, the significance of the SAWA project has become clear. In addition to the RWA tokenized marketplace, the SAWA ecosystem offers users access to a decentralized futures trading market, providing unparalleled transparency.

The project’s utility token, SAWA, offers holders early access to the RWA token listed on the SAWA market, participation in the distribution of platform profits, and guaranteed security of OTC transactions for buying and selling equity with collateral.

To keep abreast of SAWA’s developments, users are up to date with the project and explore the ATMR token market on the official SAWA website. Additional updates can be found by following Twitter, Telegram, Dispute, CurrentlyAnd White paper.

About SAWA

The SAWA project was launched in early 2022 by an international team from Turkey, Poland, Belarus, Singapore and the UAE with the mission to provide decentralized and secure access to tokenized RWA and derivative tools. The platform enables sale of key assets by community-based governance, ensuring transparency. Being one of the first platforms with pegged RWA, SAWA developed a patented tokenization protocol that is likely to become an industry standard. Gradually, SAWA intends to develop into a decentralized product ecosystem based on smart contracts and will include proprietary OTC solutions, DEX exchanges with derivatives support, RWA and NFT markets.

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Name: Marcel Botashev


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