Trust Deeds on the Blockchain? With Sweden (Swed) Coin, It’s Possible
The Swedish Trust is the first wealth management system of its kind – enabling people to swiftly secure their assets and guarantee they’re passed down correctly
Users can set up trust deeds quickly, literally in just a few minutes – ensuring assets are guarded and passed along to the right people without complications, delays or setbacks.
Every step of the way, everyone involved is protected.
Functioning as a safe haven for the most important commodities in people’s lives, The Swedish Trust consists of a family of services including innovative Swed BanQ banking software – which is a fully customisable and scalable turnkey solution for banks, payment institutions, asset managers or anyone else managing client accounts.
The system also operates using Swed Coin – a decentralized cryptocurrency and cash handling system implemented on the public Tron blockchain as a TRC20 token).
Additional elements within The Swedish Trust system provide invaluable insight for investments.
These include the SwedXchange which comes with a Value Prediction Index for the performances of cryptocurrencies; a SwedSim trading simulator; and the SwedLearning education centre teaching users everything from how the market works to managing risk.
The Swedish Trust’s CEO Antoun Toubia described the system as the only one of its kind and the platform of the future.
“This is a one-stop shop to manage people’s digital assets,” he explained.
“With The Swedish Trust, forming a trust deed can be done in a few minutes and a couple of clicks, with no printing or paperwork involved.
“But most importantly, these trusts actually deliver. With traditional trusts, things get lost as part of the paper trail, and sometimes it takes too long to track down heirs, who may not even be aware of what they are entitled to.
“But with our secure system, there are no issues like that. Everything is transparent.
“We are delivering something completely unique that has never been done before. It is the most sophisticated tech platform of its kind and will guarantee the welfare of future generations.”
The Swedish Trust system has been set up in compliance with regulators and already has 1,000 clients on board with $800,000 of investment.
The system is currently live on eBanq with ambitions to operate fully on the blockchain by the end of 2023, aiming to secure $12-16 million of further investment.