Real-World Assets Come On-Chain
Today, we are thrilled to announce the launch of the groundbreaking Ledger Digital Asset Protocol (LDAP), introducing another advancement in the tokenization of real-world assets. This novel protocol, developed by Chromia, contributes to a new paradigm for fundraising, investor onboarding, governance structuring, payments, trading, and custody services throughout the capital-raising supply chain.
LDAP offers a new approach for sponsors to reach a wider array of global investors while significantly increasing transparency and reducing issuance costs. This innovative on-chain issuance eliminates the need for intermediaries such as brokers and centralized asset repositories, lowering compliance costs and making stable return investment products available to an expanded segment of investors worldwide.
Key features of LDAP include:
Programmable Compliance: Complex rule sets like AML and KYC compliance can be programmed directly into the token and supporting securitization processes to ensure full alignment with regulatory authorities.
Cost-effective: The smart contract protocol handles minting, transfers, and whitelisting functions without the added cost and complexity of utilizing intermediaries
Transparent: Fully digital, immutable, and auditable transactions are recorded to the blockchain ledger in real-time without settlement delays.
Secure: All transactions are cryptographically signed and date/time stamped on-chain. Critical transactions utilize a multi-signature wallet approval framework for added security.
EVM-Compatible: The LDAP smart contract is written for EVM chains and thus enables interoperability with the ecosystem of wallets, marketplaces, and exchanges.The protocol will also be available for the Chromia mainnet once it is released.
Accessible: Tokenization allows investors to own and trade fractions of a revenue-generating asset, making high-value assets more affordable and introducing investable assets to a significantly expanded global audience.
The LDAP can be utilized across various industries issuing investable asset-backed tokens for real estate, lending, CO2 reduction projects, and start-up capital investments. Suitable for fund managers, fintechs, crowdfunding platforms, single raises, and web3 projects. The protocol can be integrated directly into existing platforms and programmed to sync with current workflows, issuance, and investor processes.
We are also pleased to announce that the LDAP has already been successfully adopted by notable projects. These include Bloqhouse Technologies, a one-stop-shop white label funding platform offering a comprehensive suite of services, Fund.me a leading US-based luxury real estate investment platform, and Immotokens, a Belgian-based investment platform providing a robust overview of real estate investment propositions on-chain. Each of these implementations provides a powerful example of how the LDAP can revolutionize various facets of the financial landscape.
We are thrilled to see LDAP at the forefront of transforming the financial sector. The momentum is just beginning, and we can't wait to see the array of innovative applications that our protocol will catalyze.
Learn more about the protocol here: https://chromia.com/rwa/
Modern society runs on data and every online service you’re using is built upon underlying databases - ranging from your online bank to music streaming and gaming. Chromia is a relational blockchain - a combination of a relational database and a blockchain - making it easy to develop user-friendly decentralized apps for almost any industry, including DeFi, NFTs, gaming, and more.