Symphony

Symphony is a chain built on Cosmos that provides a crypto-native solution for real-world assets not reliant on traditional banking infrastructure. It can peg to any assets, allowing global access to trade across mediums such as real-estate and gold, as well as easily accessed infrastructure to build market systems such as ForEx.

Why Decentralized RWAs

Crypto needs to connect to the real world, whether through a base money asset, real estate, or financial markets. Recent sanctions have shown the world lacks a globally accessible and censorship-resistant means of holding capital.

Symphony addresses this need within crypto. DeFi attempts to create a parallel financial system, yet stablecoins and other real-world assets (RWAs), the most used part of this system, remain reliant on traditional banking infrastructure. Symphony aims to provide an alternative for a truly independent financial system.

Separating From Banks

A functional and independent financial system at scale requires a stable asset not reliant on legacy banking infrastructure. Without an independent and stable reserve asset, both centralized and decentralized order books are inherently fragile.

Centralized exchanges urgently need a reliable and transparent asset for their order books. DeFi is at risk due to reliance on RWAs like USDC, which can fail due to their underlying banking infrastructure, as seen with USDC and Silicon Valley Bank. Reducing dependence on the traditional banking system for stablecoin infrastructure is the most critical issue facing crypto today.

Providing Yield

While US citizens have access to a $30 trillion treasury market, many individuals in the rest of the world, including the crypto market, cannot generate yield on a dollar-denominated means of preserving capital.

User demand for existing stablecoins is already enormous at $150 billion+ despite a "return-free" risk profile. A substantially equivalent product that provides permissionless value accrual is the largest market opportunity that crypto can provide globally, surpassing volatile stores of value, fiat, or current RWA-backed stablecoins.

A Reliable Trade Medium

The US has shown that US dollar reserves can be weaponized with sanctions, driving countries towards BRICS, a new trading bloc. To ensure a balanced power dynamic, this bloc must use a permissionless service like blockchain for fair and stable trade. Symphony enables this, allowing tokenized RWA trade to start in one currency and end in another, ensuring seamless transactions.

The end of the petro-dollar will cause US dollars to flow back into the US, leading to economic turmoil and bank failures. Centralized stablecoins will crash, but Symphony, as a decentralized option, will remain secure. Crypto needs a secure alternative, free from centralized control. Crypto needs Symphony.