Data analytics firm Inveniam announced its acquisition of on-chain asset tokenization platform Swarm Markets.

According to DL News, data analytics firm Inveniam has announced its acquisition of on-chain asset tokenization platform Swarm Markets. The transaction amount was not disclosed. Swarm Markets co-founder Philipp Pieper stated that this deal will provide scalable on-chain asset infrastructure for professional and institutional investors, including asset managers, private equity and credit institutions, custodians, and market makers. Inveniam acquired decentralized cloud storage provider Stor in October of this year. Combined with Swarm Markets' years of compliance experience and Inveniam's existing on-chain presence of over $200 billion in private assets, the partnership will bring transparency and liquidity to the opaque private asset market.