Chainlink-Powered Brickken Joins European Blockchain Sandbox for Tokenization

• Brickken, a Chainlink-powered platform is becoming a member of the European Blockchain tokenization sandbox.
• Brickken is increasing it tokenization prowess to enrich a number of companions and protocols it’s linked with.

Chainlink-powered Brickken has been admitted to take part within the European Blockchain Sandbox with a view to ramping up tokenization. This program, led by the European Fee, encourages collaboration between blockchain creators and regulators to navigate the authorized area.

Brickken to Leverage Digital Asset Suite for Tokenization

Brickken’s participation presents a novel alternative, as certainly one of solely 20 initiatives to immediately affect the regulatory framework for tokenized property in Europe. The corporate will leverage its Digital Asset Suite, constructed on Coinbase’s Base platform and powered by Chainlink expertise, to show compliance and safety in Actual-World Asset (RWA) tokenization.

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We kick off this collaboration with the @EU_Commission, testing our Digital Asset Suite on @coinbase‘s @base alongside different key companions in Brickken’s Ecosystem.

Learn Extra about @brickken‘s participation and the way Brickken will speed up the adoption of #tokenization in…

— Brickken (@Brickken) June 13, 2024

The European Blockchain Sandbox supplies a safe atmosphere for testing and refining blockchain applied sciences. This program empowers regulators to realize a deeper understanding of tokenization and collaborate with business leaders like Brickken to develop clear and efficient rules. Brickken joins this system following its success within the Spanish sandbox for tokenized secondary markets, which helped set up a robust basis for tokenization in Spain.

Brickken’s inclusion within the sandbox will allow the agency to realize wider acceptance amongst institutional purchasers, market operators, and bond issuers. In the end, this can facilitate its growth into new markets.

This choice marks a key milestone for Brickken’s mission to revolutionize the tokenization business. It follows their current inclusion in PwC’s Scale program for tokenization and digital property. This additional helped in solidifying its place as a frontrunner in blockchain adoption for institutional purchasers. Moreover, Brickken has established partnerships with business giants like Chainlink, a world-renowned RWA tokenization expertise supplier.

Edwin Mata, CEO and co-founder of Brickken, acknowledged, “This chance validates our method to asset tokenization and permits us to collaborate with regulators and different high business leaders to foster the adoption of tokenization. The expertise and data we are going to acquire on this regulatory sandbox might be invaluable for our future development and can place Briccken as one of many leaders within the business.”

Brickken’s Blockchain Achievements

Based in Barcelona in 2020, Brickken has skilled phenomenal development. The corporate presently operates in over 14 international locations and tokenized greater than $200 million in property via Digital Asset Suite. Moreover, Brickken boasts over 50 purchasers and has achieved a 100% year-over-year development charge.

Notable firms like HackenClub and HydroWindEnergy are amongst its purchasers, and their Complete Worth Locked (TVL) exceeds $10 million. Moreover, Brickken’s options run on main blockchain networks like Ethereum, BNB Chain, and Avalanche, showcasing their technological versatility.

Brickken’s digital asset platform caters to a variety of sectors, together with actual property, startups, establishments, enterprise capital funds, and household places of work. The corporate supplies a seamless entry level for companies of all sizes and asset sorts to leverage the ability of tokenization. Accordingly, Brickken is now amongst the most important service suppliers within the Blockchain ecosystem.

Chainlink’s LINK serves as a reference token for Brickken and the developments within the latter can impression the previous in the long run. Nonetheless, as of this writing, LINK is down 5.51% and buying and selling at $13.55. It boasts of a market cap and buying and selling quantity standing at $7.9 billion and $462 million respectively.