Coinbase, Ripple Blast Company Creating Equity Tokens in Their Name


Blockchain startup Swarm announced Wednesday that it was launching new «equity tokens» that would represent equity in notable blockchain startups like Coinbase and Ripple – but those companies have pushed back swiftly against the idea.

The «blockchain for private equity» company published a blog post describing its new token project, with chief executive Philipp Pieper explaining in a statement that the tokens «democratize investing» and allow «any Swarm investor [to] hold equity in some of today’s most prominent tech startups.»

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