Asara Group and Bloom Technology are partnering to build a real-world asset (RWA)-based raw material tokenization trading platform. Bloom Technology, which develops the public Layer-1 blockchain Locus Chain, announced on the 8th that they signed a contract to pursue this platform. The two parties will cooperate to connect traditional commodity markets with blockchain-based digital asset infrastructure.
They aim to design a structure that tokenizes physical commodities and covers trading and settlement, applying tokenized trading to global commodities. The platform will be built on Locus Chain, a public blockchain designed for high throughput and stable fees. They expect to improve transparency, efficiency, and accessibility in traditional markets and broaden participation of smaller capital.
Asara Group is a global commodity trading firm spanning the Middle East, Europe, and Asia and holds a seat at the Dubai Gold and Commodities Exchange. Locus Chain is designed for high throughput and stable fee structures, aiming to enable RWA tokenization. The partners will focus on tokenizing global commodity trading in Phase 1 and plan to expand to upstream real assets such as mines and minerals afterward.
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