Phlomis Finance and Swiss Impact Investment Fund responsAbility Announce Strategic Collaboration
Stockholm, Sweden, November 26th, 2024, Chainwire
Phlomis Finance, a real-world asset investing platform built on the Chromia blockchain, has announced a collaboration with responsAbility Investments AG based in Zurich, Switzerland. With over 20 years of experience, responsAbility has established itself as a global leader in impact investing. responsAbility provides investment solutions to retail, professional, and institutional investors across the Financial Inclusion, Climate Finance, and Sustainable Food sectors with a focus on driving impact in emerging markets.
The collaboration will enable Phlomis Finance the opportunity to offer, through its resilient investing platform, a range of responsAbility private debt and equity products for the fast-growing real-world asset (RWA) market. Web3 project treasuries and investors looking for additional yield have invested in tokenized US Treasuries, private credit lending, and other asset types. The Phlomis Finance-responsAbility collaboration will now provide individual digital asset investors and institutions access to an expanded set of liquid and longer-term fund offerings.
responsAbility’s investment solutions deliver measurable impact alongside market returns. By driving sustainable economic growth, they can contribute to poverty alleviation by empowering individuals and businesses in emerging markets to generate income and create jobs. Furthermore, their strong emphasis on gender inclusion advances women’s economic empowerment, reflecting responsAbility’s commitment to advancing key United Nations Sustainable Development Goals.
One of the primary goals of the collaboration is the recording of all financial and impact reporting events on-chain. These transactions include securitization, primary issuance and secondary trading with the goal of offering full transparency and accelerated settlement to investors. Phlomis will utilize the Chromia blockchain as a secure data layer to record financial and impact transaction data. It will also use the Chromia on-chain Filehub solution to host its virtual data room for investor-oriented document sharing. ChromaWay, the builders of Chromia, provided initial funding to Phlomis Finance through its venture arm.
Robert Widen, Director of the Nordics for responsAbility added, “We are excited to work with Phlomis Finance and the ChromaWay team to develop a new channel and paradigm for impact investments tailored to the growing segment of digital asset holders. We believe our investment products, which provide attractive returns with specific, measurable impact, will appeal to digital asset investors.”
Todd Miller, Managing Director for Phlomis Finance commented, “responsAbility is an innovative leader in the impact asset management space with a proven and consistent performance and impact record. We are excited to work with a fund manager recognized for its quality asset and credit management plus rigorous impact assessment strategies. Combining their expertise in asset management and impact assessment with our technology platform will bring a unique suite of resilient investment offerings to market.”
About Phlomis Finance
Phlomis Finance is committed to resilient investing, offering a technology platform for investable assets designed to thrive in different market environments. We also define resilience in terms of the technology and protocols that underlie how institutions and individuals invest. We believe platforms that use digital currencies, utilize digital signatures to validate identity and provide fully on-chain investment transparency better serve the needs of investors and increase asset value. Phlomis Finance is part of ChromaWay AB, the Stockholm-based builder of the Chromia blockchain.
About responsAbility
About responsAbility Investments AG
responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes. These themes directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns.
Since its inception in 2003, responsAbility has deployed over USD 15.7 billion in impact investments. With over 270 employees collaborating across 8 offices, as of 30 September 2024 the company manages USD 5.1 billion in assets across approximately 300 portfolio companies in around 70 countries. Since 2022, responsAbility has been part of M&G plc, the international savings, and investments business, and contributes to enhancing M&G’s capabilities in impact investing.
This is marketing material. Any companies or entities mentioned are referenced for informational purposes only and do not constitute an endorsement to invest. Past performance is not indicative of future results.
About Chromia
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.