---
description: Introducing Chromia's Ledger Digital Asset Protocol (LDAP)
---

# Introduction

The Ledger Digital Asset Protocol (LDAP) is a pioneering solution that enables asset providers to reach a broader range of investors while significantly reducing issuance costs. The on-chain issuance mechanism eliminates the need for intermediaries such as brokers and centralized asset repositories, reduces compliance costs, and makes stable-return investment products available to a broader global investor demographic.

### Understanding the Ledger Digital Asset Protocol (LDAP)

The Ledger Digital Asset Protocol (LDAP) enables asset providers to fractionalize assets like, but not limited to, real estate, stocks, bonds, etc, on the blockchain as NFTs. These NFTs are generally considered to be unique digital assets permanently ingrained on the blockchain and fully controlled by the holder. While this is revolutionary in itself, restricting the definition to that will heavily limit the use case of blockchain and NFT technology.&#x20;

The LDAP sets out to use the blockchain and NFT technology pragmatically without imposing ideological ideas and dogmas onto the users and stakeholders. This means:&#x20;

1. Providing the asset providers with the tools they need to tokenize assets and still comply with their local jurisdiction’s laws and regulations.&#x20;
2. Leverage the blockchains ownership, transfer of value and transparency capabilities for enabling new and more accessible investment opportunities.
