CandleFocus Phlomis Finance to Transform RWA Tokenization with Chromia
2024-10-15
Author: Content Editor
Phlomis Finance, incubated by ChromaWay, will use Chromia's blockchain infrastructure to transform the tokenization of real-world assets (RWAs). By tokenizing assets like infrastructure projects and private credit offerings, Phlomis aims to connect crypto investors to institutional-grade assets. This will promote resilient investing and offer transparency for transactions. Phlomis plans to launch its tokenized products in Q4 of 2024. McKinsey & Company predicts that tokenized financial assets could reach a market size of $2 trillion by 2030, with major players like Bank of America and BlackRock exploring the technology.
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