Exclusive: Rome Protocol and KiiChain Partner to Drive RWA Tokenization in LATAM
Rome Protocol and KiiChain have officially joined forces to increase the adoption of blockchain-based financial solutions in Latin America.
The partnership will focus on tokenizing real-world assets (RWAs) and developing cross-chain payment financial solutions, aiming to create new liquidity opportunities for businesses, developers, and financial institutions, crypto.news exclusively reported.
A prime example is in Mexico, where people are exploring the tokenization of real estate to facilitate fractional ownership, Anil Kumar, CEO of Rome Protocol, told crypto.news. Meanwhile, in Argentina, tokenized agricultural commodities are being used as collateral to finance agriculture.
Tokenizing real-world assets (RWA) is the process of converting physical or traditional financial assets, such as real estate or commodities, into digital tokens that can be traded on blockchain networks. This allows investors to buy and sell assets more efficiently, increasing accessibility and liquidity in the market.
Solana, a popular blockchain ecosystem, has attracted strong interest in tokenizing RWA, said Alex Cavallero, co-founder of KiiChain.
“Solana is currently one of the most popular ecosystems with high liquidity and incredible traction. However, users in Latin America and other emerging markets are still not fully connected to the Solana ecosystem,” Cavallero told crypto.news. “With Rome’s interoperability, we can open up new liquidity pathways between Solana and users in emerging markets through KiiChain.”
This partnership will make RWA assets more accessible across multiple blockchain ecosystems, by combining Rome Protocol’s interoperability layer with KiiChain’s blockchain infrastructure. Rome Protocol, which enhances blockchain interoperability through Solana, will provide a foundational framework for issuing, verifying, and trading RWA assets. KiiChain, a Layer 1 blockchain for emerging markets, will contribute its PayFi module to support blockchain-based payment, lending, and financial services.
