CHREMA Launches Blockchain-Based Real World Asset Investment Platform – Crypto News BTC

Offering Liquidity to Laborious-to-Liquidate Property with Pockets and Market Help for Varied DeFi Providers

SEOUL, South Korea, Nov. 29, 2023 /PRNewswire/ — CHREMA, a blockchain and non-fungible token (NFT) based mostly DeFi (Decentralized Finance) service, has introduced the launch of an funding platform based mostly on Actual World Property (RWAs).

After the whirlwind of digital asset hypothesis, digital belongings, not like conventional belongings, had been criticized for missing intrinsic worth and being mere illusions. Subsequently, the market began to give attention to utilities that would improve intrinsic worth, and ‘RWA-based tokens’ – possession of bodily belongings recorded on the blockchain – have lately gained consideration.

RWA tokens use blockchain know-how to tokenize real-world belongings like authorities bonds, shares, and actual property. Tokenizing bodily belongings on the blockchain improves transparency by making issuance and transaction histories straightforward to trace. Furthermore, it permits for simpler and faster liquidity than bodily belongings and might create leverage by DeFi companies.

Franklin Templeton, a world asset administration firm, has reportedly issued about 60 million euros in U.S. treasury tokens. In line with RWA.xyz, the market capitalization of U.S. treasury-based RWA tokens elevated from roughly $113.93 million in January this 12 months to $777.41 million in simply ten months.

Nevertheless, high-value belongings reminiscent of artwork, gold, and actual property in the true world will not be simply liquidated, resulting in much less lively buying and selling and decreased accessibility for common buyers.

CHREMA tokenizes conventional belongings like gold, actual property, and artwork into NFTs and manages them on the blockchain. The ‘CHREMA Pockets’, a blockchain pockets, helps the storage, administration, and resale of those tokenized belongings, whereas ‘CHREMA Market’ helps NFT buying and selling. CHREMA’s companies present vital market accessibility and liquidity to beforehand hard-to-liquidate actual belongings, enabling house owners to simply commerce and effectively handle their belongings.

Moreover, particular person buyers can simply commerce these tokenized belongings and earn curiosity revenue whereas holding them.

CEO Howard said, “Tokens linked to actual world belongings not solely provide customers steady funding choices but additionally promote the emergence of latest monetary merchandise. This integration will occupy an vital place within the international monetary market, offering extra alternatives to a various vary of buyers. CHREMA is greater than only a monetary platform; it is a undertaking exploring the way forward for finance. Our aim is to digitalize real-world belongings, enabling extra folks to take part within the monetary market and handle their belongings extra simply.”

SOURCE CRM Korea