Making existing asset-backed tokens more decentralized and otherwise opaque and inefficient markets transparent and accessible to a dramatically wider audience globally.
Currently physical asset-tokens are centralized and rely on a single custodian offering no advantage over traditional offerings.
PHATs’ physical-asset tokens are the first truly decentralized asset-tokens demonstrably backed by the underlying asset.
The PHATs Council ensures the integrity of PHATs physical-asset tokens, with decentralized governance and over-collateralized physical assets.
Issuance of new py tokens needs to be approved by the PHATs Council via an audit report.
All py assets are held against off-chain plus on-chain collateral and are subject to custody challenge.
Through transparent checks and balances PHATs Protocol actors ensure that physical assets remain in the possession of custodians.
Keepers are custody agents of physical assets, securely storing and backing tokens.
PHATs Council is a group of incentivezed arbiters that rule on specific claims.
Either the PHATs Council or PHATs token holders can challenge whether a given Keeper is still in possession of the physical asset.
Low liquidity in traditional reserve currencies and commodity tokens has for too long prevented the curation of balanced, diversified tokenized potfolios.
Boutique currencies are currencies with independent monetary policy, backed by prudent economic theory.
Tokenized commodities are non-existent. PHATs allows portfolio diversification through exposure to a basket of tokenized commodities.
Art and collectibles can be monetized via PHATs.
By providing liquidity in tokenized commodities, boutique currencies and other store-of-value assets, PHATs allows for truly diversified tokenized assets.