Phlomis Finance is all set to introduce tokenized real-world assets (RWAs) on the Chromia mainnet with the prospect of institutional-grade investment options for stakeholders. The platform will be built on Chromia’s relational blockchain system, which can scale up, be transparent, and display real-time impact analytics. Some ideas of Phlomis Finance include opening crypto assets such as infrastructure, climate projects, or private credit to investors.
Phlomis Finance and the Growing RWA Market
McKinsey & Company has predicted that the real-world assets (RWAs) market will expand exponentially to $2 trillion by 2030. Large institutions, including Bank of America and BlackRock, are starting to recognize the continued integration of digital assets with traditional financial assets like fiat cash, debt, and equities.
Phlomis Finance, therefore, focuses on tokenizing some of the most successful funds in Europe and Asia. It presents the concept of “resistant investment” that implies fully transparent transactions on the blockchain. This includes financial data and stablecoin-based payouts to increase investors’ stability. These features improve Chromia’s offerings by effectively storing large and complicated documents, solving the scalability problem, and lowering the cost of transactions.
Utilizing Chromia’s Real World Assets Protocol
Chromia’s Real World Assets Protocol (CRWA) is central to Phlomis Finance’s approach. The Chromia co-founder Henrik Hjelte also added that the protocol addresses the main issues regarding the tokenization of the real economy. He added,
Chromia’s relational blockchain provides enhanced scalability and the ability to store complex documents on-chain, addressing limitations seen in traditional blockchain systems.”
Through Chromia’s relational blockchain, Phlomis Finance guarantees investors an optimal platform for securely handling numerous complex projects.
Phlomis’s Managing Director, Todd Miller, emphasized that many RWA platforms face scalability and document access challenges, stating,
“Many existing platforms struggle with scalability, high transaction costs, and limited access to essential documents. By utilizing Chromia’s infrastructure and CRWA, we aim to effectively address these pain points and create a seamless experience for investors.”
Phlomis Finance aims to overcome these obstacles by utilizing Chromia’s infrastructure, ensuring a seamless experience for its users. Phlomis Finance has already created its website and plans to release the first tokenized products in Q4 2024. Focusing on infrastructure and climate projects, the platform will allow investors to invest in giant-scale projects previously implemented only by institutions.
