TL;DR
- Phlomis Finance enters the real-world asset (RWA) tokenization market using Chromia’s blockchain infrastructure.
- The initiative aims to eliminate access barriers and facilitate investments in institutional assets. With a market projected to reach $2 trillion by 2030.
- With the launch of its website, Phlomis prepares to present its first line of tokenized products in the fourth quarter of 2024, focusing on sustainable and transparent investments.
Phlomis Finance has officially announced its entry into the real-world asset (RWA) tokenization market through the use of blockchain infrastructure provided by Chromia.
With a market that McKinsey & Company estimates will reach $2 trillion by 2030, Phlomis’s initiative aims to connect crypto investors with a variety of financial instruments that have traditionally been reserved for established institutions. This new approach seeks to eliminate access barriers and facilitate investment in institutional-quality assets.
Meet @PhlomisFinance, the #RWA protocol developed to bring institutional assets on-chain. #Chromia gives developers everything they need to tokenize assets, store documents on-chain, and removes friction for seamless onboarding of clients.
đź”— https://t.co/xNuC1ANTrX pic.twitter.com/CyIi6Wmlpg
— Chromia | Power to the Public (@Chromia) October 15, 2024
The heart of Phlomis’s strategy lies in Chromia’s Real World Asset Protocol (CRWA), which offers several advantages for tokenization. Henrik Hjelte, co-founder of Chromia, emphasizes that their relational blockchain enhances scalability and allows for the storage of complex documents on-chain. Overcoming the limitations faced by conventional blockchain systems. This provides a more efficient experience for investors. Eliminating common issues such as high transaction costs and difficulty accessing essential documents.
Phlomis Seeks Transparency and Accessibility
Phlomis Finance plans to focus on “resilient investing,” tokenizing funds in Europe and Asia. This includes investments in global infrastructure projects and private credit opportunities. Enabling investors to access assets that contribute to sustainability and long-term growth. The platform also aims to provide greater transparency in transactions as well as in the financial results and social impacts of the investments made.
The shift in financial markets toward the convergence of digital assets and traditional asset classes. Such as fiat currencies, debt, equities, and real estate. Is already recognized by renowned financial institutions like Bank of America and BlackRock. These entities are beginning to appreciate the transformative potential of this market.
With the recent launch of its website to the public, Phlomis Finance is preparing for its launch in the fourth quarter of 2024. Where it will present its first line of tokenized products. As the platform moves toward this goal. It will focus on providing investment opportunities to a growing base of crypto investors
