Decentralised Futures <> Phyken Network - Green RWA fractionalisation protocol, powered by Polkadot and Substrate Builders Program


Phyken Network is a Layer 1 app-chain on Polkadot that brings green and renewable energy assets on-chain, fractionalises them and makes them accessible to the millions of people who want to invest in Green RWAs but don’t have the access to the investment opportunities.

Phyken Network is committed towards a multi-chain interoperable future where REAL WORLD ASSETS (RWAs) on-chain become a standard rather than an exception.


Initially, blockchain, heralded by Bitcoin, revolutionised the concept of digital currencies, focusing primarily on decentralised finance (DeFi) and virtual assets. Ethereum further expanded this horizon by introducing smart contracts, paving the way for more complex decentralised applications. However, a significant gap remained – the integration of Real-World Assets (RWA) into the blockchain ecosystem. This is where the Phyken Network steps in, marking a pivotal shift in the Polkadot ecosystem.

Phyken Network’s mission is to bridge this gap by bringing Real-World Assets on-chain and fractionalization, creating a seamless blend of the physical and digital economies. This approach enables tangible renewable energy assets like solar plants, wind farms and hydro farms to be tokenized, offering a wider audience access to investments that were once exclusive.

Our platform leverages Polkadot’s interoperable and scalable infrastructure, ensuring security, efficiency, and cross-chain compatibility. This integration not only diversifies the Polkadot Ecosystem but also brings a new level of practicality and inclusivity to the blockchain space, making it more relevant and accessible to everyday users and investors.

By doing so, Phyken Network is setting a new standard for real-world applications in blockchain, driving forward a more integrated and practical era of digital assets.


We have decided to be an app-chain on Polkadot network after careful consideration and evaluation of different networks and ecosystems for the following reasons:

Energy Efficiency and Low Carbon Footprint

In line with the core values of the Phyken Network, Polkadot is more energy efficient and has a low carbon footprint compared to other Proof of Stake (PoS) blockchain networks. It has the lowest yearly electricity consumption among six assessed PoS networks, at just 70 MWh. This is substantially less compared to the highest, which is 1967 MWh for Solana. This lower energy consumption translates to a smaller carbon footprint for Polkadot, estimated at around 33 tonnes of CO2 equivalent annually, compared to 934.77 tonnes for Solana​​​​. These metrics show that Polkadot addresses the growing need for environmentally sustainable blockchain solutions.

ESG Compliant

In furtherance of the aforesaid quality, Polkadot also ranks highly on all fronts in relation to Environmental, Social and Governance (ESG) Goals. Polkadot’s low power consumption, at an average of 0.0001 TWh per year, and minimal e-waste generation, approximately 0.03 tons annually, are significant factors. These aspects contribute to its high environmental score of A+. Additionally, Polkadot’s governance model, featuring a robust nominated proof-of-stake consensus mechanism and a good distribution of validators, earns it a high governance rating.

High Energy Efficiency through Nominated Proof-of-Stake (NPoS)

Polkadot takes a significant step towards environmental sustainability with its NPoS model. This results in consumption of only a fraction of the energy used by traditional blockchains, equivalent to approximately 6.6 US households per year.

Economic and Transactional Scalability

Polkadot introduces unparalleled economic scalability by employing a shared set of validators to secure multiple blockchains. This innovative approach enhances transactional scalability by distributing transactions across parallel blockchains. As a result, Polkadot achieves a level of scalability that is essential for supporting a growing and dynamic ecosystem of decentralised applications in web3.

Cross-Blockchain and Seamless XCM

Polkadot revolutionises blockchain interoperability by facilitating cross-blockchain XCM transfers diverse data and assets, not limited to tokens. By connecting to Polkadot, users unlock the ability to interoperate seamlessly with a wide array of blockchains within the Polkadot network. This breakthrough extends the potential use cases for blockchain technology, making it a versatile and interconnected ecosystem.

Innovation with Substrate Framework

The Substrate framework empowers developers to create custom blockchains swiftly. By connecting these chains to Polkadot, developers immediately gain interoperability and security. This streamlined development process fosters innovation within Polkadot’s network, attracting a diverse range of projects and contributing to Polkadot and substrate’s overall growth.

In June, we became part of the Substrate Builder Program, and we’re thrilled to share that we’ve achieved Milestone 1

Shared Security

Polkadot’s novel data availability and validity scheme ensures meaningful interactions between independent chains while maintaining a united front in terms of security. This unique approach not only enhances the security posture of individual chains but also fosters a collaborative and secure environment across the entire Polkadot network. Security will play important roles in integrating our DeFi features, such as Phyken DEX, Phyken DeFi Equity Protocol, and Phyken Fi - our lending DeFi Protocol.

Decentralized Future : Advance On-Chain Governance & Fellowship

Polkadot’s governance system stands out for its inclusivity, giving all stakeholders a voice in decision-making processes. Network upgrades are seamlessly coordinated on-chain and implemented autonomously, eliminating the need for contentious forks. This user-driven governance model ensures that Polkadot remains adaptable, future-proof, and firmly rooted in community values. It exemplifies a democratic and collaborative approach to the vision of a decentralized future.

Polakdot 2.0 & Blockspace

Polkadot 2.0 lies in its approach to blockspace resource allocation—a more flexible system departing from the rigid lease model of Parachain. The ability to access the core and blockspace will be important for us to have the flexibility to access extra core time in the future if needed. Introducing adaptable computational capabilities to the Phyken Network is an advantage and adapts to the market demand


Phyken Network is building both the infrastructure and the application layer protocols to bring renewable energies real world assets on Polkadot


Phyken Ecosystem is the umbrella term for all the products and services that will be required to build or partner with to solve the problem of RWAs.


  • Phyken Core Blockchain - This is our core blockchain which is essentially the Parachain Mainnet which is connected with the Polkadot Relay chain and enjoys the decentralized and shared security of the Polkadot ecosystem.

  • Tundra Blockchain - This is our which is geared towards primarily developers who want to build RWA applications on top of our blockchain and infrastructure.


  • Phyken ID - Ensuring asset authenticity and traceability using decentralized identities and verified credentials
  • Attester Infrastructure - Regulated professionals and entities to ensure the authenticity of the assets
  • AI-based compliance engine - AI-powered rule enforcement engine to ensure regulatory compliance
  • Permissionless Party Audit framework - 3rd party audit framework to ensure transparency in custody of assets
  • Fractionalisation - Fractionalisation enables further tokenization of tokenized RWA’s ensuring liquidity, and traceability
  • Harmonization - Risk mitigation by creating harmonized pools of asset classes, in which different RWAs are bundled up together.


  • Phyken DeFi Equity Protocol
  • Phyken DEX
  • Phyken Fi - Our lending DeFi Protocol



We are a team of 6 people in our core team and overall 10+ people in our extended team who believe in our mission of bringing Real world assets on-chain in a regulatory compliant manner.


Arko Ganguli (Co-founder):

  • Lawyer turned Entrepreneur
  • Extensive experience in capital markets and renewables regulations space.
  • Has successfully built and scaled various companies in the fintech and the legal tech space.

Abhishek Chatterjee (Co-founder):

  • 3x founder with one previous exit
  • 16+ yrs exp Web 3.0 technologist & Product management
  • Exp in building B2B SaaS solutions in diverse industries like logistics, e-commerce analytics, fintech, and travel

Rajiv Krishnan (Co-founder):

  • 25 years of leadership across industries
  • Launched New Amsterdam in 2008, the most successful white spirit launched in the US
  • 10 years CFO & Head of Corp. Transformation in Renewable Energy with startups and global market leaders
  • Investor in startups and bridging technologies to solve real-world problems

Core Team Members

Abhishek Sira Chandrashekar - Developer/Evangelist

  • A full-stack Software developer with 4+ years experience.
  • Master’s degree in Computer Science with AI/ML as the main track from Leiden University, Netherlands.
  • Passionately curious about working in DID, SSI, and ZK.
  • Multiple years exp working in Polkadot ecosystem in Litentry parachain

Alisher Khassanov - Blockchain Engineer

  • Blockchain developer with 10+ years of both development and leadership experience.
  • Proficient in RUST and Substrate with prior experience in working in the Polkadot ecosystem.
  • Single-handedly building Phyken’s core blockchain components.
  • Extensive experience working with other parachains in the Polkadot ecosystem

Remy Bien Bao Peretti - Head of Community

  • An experienced community and ecosystem builder, Remy takes on the role of supporter in the expansion of several different project aspects such as; Marketing, Events, Social Media, and Community Outreach.
  • Remy is currently based in Vietnam, He has been head of the ecosystem at Litentry for over 2 years.

Website: ​​


Loving this!


I liked it. Its excited! I support my Phyken Fam what they wanna do something. Thanks for article!


I have been in touch with some of the team to explore what is Phyken.

Despite I don’t have a strong sense with RWA, but everyone explores and build on top of Polkadot as a parachain/appchain with direct business model in long-term should have support in diverse aspects, including finance.

This team members are always being supportive in every events of Polkadot ecosystem, connecting people and bring valuable intangible resources for the ecosystem.

I’d recommend this proposal should be take in consideration from the W3F.



It’s truly inspiring to see the innovative strides Phyken Network is making in the blockchain space. By integrating Real-World Assets (RWAs) with the blockchain, especially in the green and renewable energy sector, Phyken is not just bridging a crucial gap but is also making sustainable investments more accessible. The focus on energy efficiency, compliance with ESG goals, and leveraging Polkadot’s low carbon footprint showcases a deep commitment to environmental sustainability, which is commendable.

The multi-chain interoperability and the use of Polkadot’s scalable infrastructure is a smart move, ensuring that Phyken Network is well-positioned for future growth and integration within the wider blockchain ecosystem. The emphasis on security through Polkadot’s shared security model and the innovative use of its Substrate framework for creating custom blockchains are particularly impressive.

Moreover, the detailed roadmap and the strong team composition, with leaders having vast experience in relevant fields, add a great deal of credibility and promise to the project. The Phyken Network is not just a technological advancement; it’s a step towards a more sustainable and inclusive future in blockchain technology. Excited to see the positive impact this will bring to the blockchain community and the world at large! Keep up the great work!


I like it, it’s a new story in a new future


Polkadot has been waiting for a long time for mainstream media attention, scalable use cases, and real-world adoption. Mandala & Phyken are two of the teams we have had a chance to speak with who have cracked immensely tough & very interesting markets.

Just looking at the Phyken team’s credentials, it is super evident that the team has extensive expertise and is very deep into the RWA ecosystem. This domain expertise increases the odds of success as well as widespread adoption.

The team is also extremely keen on using the existing public infrastructure that is available, to ensure that treasury-funded work is being reused rather than building everything from the ground up. This is an approach all OG builders have supported, which ensures that the team can deliver quickly and reliably.

Lastly, it is always a pleasure to talk to the team. We support their vision :raised_hands: :raised_hands:

Product Lead,
Polkassembly & Polkasafe


What Pyken Network puts forward in the background and offers as motivation is truly exciting. Particularly exciting is a Layer 1 application chain on Polkadot that brings green and renewable energy assets on-chain, breaks them down, and makes them accessible to millions of people who want to invest in Green RWAs but don’t have access to investing. Although I am new to RWAs, I support Phyken Network. The borrowing/lending platform and decentralized exchange ideas are truly admirable. Their roadmap is consistent and I believe they can achieve it.


I personally support this innovative approach to integrating real-world assets (RWAs) into the blockchain ecosystem, specifically focusing on green and renewable energy assets, marks a significant milestone in the evolution of decentralized finance (DeFi) on the Polkadot network. :muscle:

Growth Lead,
KILT Protocol


Great initiative!

I always support new innovative products, and RWAs has been one of the key focus and narratives for 2024 and next years to come. This will be a great add-on to Polkadot ecosystem, and I hope we can see more implements and drive more tractions.

Best regards,


I’m glad to see this team building an RWA platform. In order for our ecosystem to grow, we will need to address new areas and RWAs are certainly one category that has garnered a lot of attention recently from both major ecosystems as well as VCs. While the concept of RWAs has been around for some time under other names (e.g. securitization), I still feel that we are at an early phase of adoption and implementation. RWAs are a core focus of other large ecosystems (e.g. Chainlink), and our ecosystem deserves more attention on this area.
Thanks, William


I do not see any business plan or revenue share or cashflow income which is pivital for W3F grants. They want to fund a project which would be self sustainable after the grant. Could you pls elaborate on this topic? Thank you.


@Gabo, good question. In short, we will be self sustained with the combination of investment and grants alongside the following fees and CAFD generation heads:

  1. Transaction Fees: generated for the network for facilitating this transaction between the asset originator and the asset investor.
  2. Asset Management Fees: generated for the network for managing the asset through its lifecycle on the blockchain.
  3. Gas Fees: generated for the network towards fees per block of authoring and settling of transactions.
  4. Infra Fees: generated for the network towards subscriptions of various technical modules, eg. PhykenID, PhyFract - reg compliant fractionalisation module, etc.

At scale, all these should provide margins and CAFD benefitting the network as a whole. We are happy to take you through our business model in a separate conversation.