Phlomis Finance brings real-world assets to Chromia Mainnet

Phlomis Finance set to innovate real-world asset tokenization

Phlomis Finance is preparing to leverage Chromia’s blockchain infrastructure to offer new opportunities in the growing real-world asset (RWA) market. The platform, incubated by ChromaWay, aims to transform how crypto investors access traditional financial instruments, such as credit and equity, by tokenizing these assets. This would allow for greater accessibility to institutional-grade opportunities that are typically out of reach for most investors.

The Phlomis Finance platform focuses on what it describes as “resilient investing”, targeting high-impact funds in Europe and Asia, aligning well with Chromia’s own push into this market, as stated in their updated roadmap. By tokenizing large-scale investments, such as infrastructure and climate-related projects, Phlomis Finance seeks to remove barriers and simplify the process for crypto investors to engage with these asset classes. The platform also emphasizes transparency, allowing investors to track financial and environmental impact data directly on the blockchain.

The increasing convergence of traditional and digital assets is reshaping financial markets, with major players like BlackRock and Bank of America acknowledging the significant shift. Phlomis Finance’s adoption of Chromia’s Real World Asset Protocol (CRWA) is central to its strategy, offering scalability and enhanced transparency. Chromia’s relational blockchain infrastructure is designed to overcome the limitations of traditional blockchain systems, providing more efficient storage and access to complex documents. 

Henrik Hjelte, co-founder of Chromia, highlighted the system’s advantages:

“Chromia’s relational blockchain provides enhanced scalability and the ability to store complex documents on-chain, addressing limitations seen in traditional blockchain systems.”

Todd Miller, Managing Director of Phlomis Finance, pointed out the challenges that many existing RWA solutions face:

“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.”

What is Phlomis Finance?

Phlomis Finance connects cryptocurrency investors with top-tier funds across Europe and Asia, providing access to institutional-grade, on-chain investment opportunities. The platform is designed to offer transparency and security in any market environment by integrating real-time financial data and impact metrics. Investors benefit from stablecoin payouts and a user-friendly interface that simplifies digital onboarding, tracking, and performance reporting, helping them focus on long-term growth and adaptability.

What is Chromia?

Chromia is a Layer-1 relational blockchain platform that is tailored to deliver improved scalability and data management for decentralized applications (dApps). By using a modular framework, Chromia enables developers to create custom chains with unique features, such as dynamic fee structures and real-time queryable data. This structure enhances the speed and efficiency of digital asset management, making it an ideal solution for projects looking to tokenize complex assets like real estate, debt, and equity. Naturally, the platform also has its own token, CHR.

One of Chromia’s core strengths lies in its ability to store and manage large sets of data on-chain, addressing challenges that other blockchains face when dealing with complex information. This makes Chromia particularly suited for the tokenization of real-world assets, as seen with Phlomis Finance. The platform’s commitment to transparency and scalability aligns with the needs of projects aiming to bridge the gap between traditional finance and blockchain technology.

The bottom line

With its launch scheduled for late 2024, Phlomis Finance is poised to lead the transformation of real-world asset tokenization. By leveraging Chromia’s advanced blockchain infrastructure and focusing on scalability and transparency, the platform will offer investors unique access to large-scale, institutional-grade investments. As the RWA market continues to grow, Phlomis Finance’s approach could redefine how assets are tokenized and traded in the digital age.

If you need to brush up on the basics of RWAs, or if you’re wondering how to invest in them, you can check out our article detailing everything you need to know about Real World Assets.