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- Brickken, a Chainlink-powered platform is joining the European Blockchain tokenization sandbox.
- Brickken is expanding it tokenization prowess to complement multiple partners and protocols it is linked with.
Chainlink-powered Brickken has been admitted to participate in the European Blockchain Sandbox with a view to ramping up tokenization. This program, led by the European Commission, encourages collaboration between blockchain creators and regulators to navigate the legal space.
Brickken to Leverage Digital Asset Suite for Tokenization
Brickken’s participation presents a unique opportunity, as one of only 20 projects to directly influence the regulatory framework for tokenized assets in Europe. The company will leverage its Digital Asset Suite, built on Coinbase’s Base platform and powered by Chainlink technology, to demonstrate compliance and security in Real-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 other key partners in Brickken’s Ecosystem.Read More about @brickken‘s participation and how Brickken will accelerate the adoption of #tokenization in…
— Brickken (@Brickken) June 13, 2024
The European Blockchain Sandbox provides a secure environment for testing and refining blockchain technologies. This program empowers regulators to gain a deeper understanding of tokenization and collaborate with industry leaders like Brickken to develop clear and effective regulations. Brickken joins the program following its success in the Spanish sandbox for tokenized secondary markets, which helped establish a strong foundation for tokenization in Spain.
Brickken’s inclusion in the sandbox will enable the firm to gain wider acceptance among institutional clients, market operators, and bond issuers. Ultimately, this will facilitate its expansion into new markets.
This selection marks a key milestone for Brickken’s mission to revolutionize the tokenization industry. It follows their recent inclusion in PwC’s Scale program for tokenization and digital assets. This further helped in solidifying its position as a leader in blockchain adoption for institutional clients. Additionally, Brickken has established partnerships with industry giants like Chainlink, a world-renowned RWA tokenization technology provider.
Edwin Mata, CEO and co-founder of Brickken, stated, “This opportunity validates our approach to asset tokenization and allows us to collaborate with regulators and other top industry leaders to foster the adoption of tokenization. The experience and knowledge we will gain in this regulatory sandbox will be invaluable for our future growth and will position Briccken as one of the leaders in the industry.”
Brickken’s Blockchain Achievements
Founded in Barcelona in 2020, Brickken has experienced phenomenal growth. The company currently operates in over 14 countries and tokenized more than $200 million in assets through Digital Asset Suite. Additionally, Brickken boasts over 50 clients and has achieved a 100% year-over-year growth rate.
Notable companies like HackenClub and HydroWindEnergy are among its clients, and their Total Value Locked (TVL) exceeds $10 million. Furthermore, Brickken’s solutions run on major blockchain networks like Ethereum, BNB Chain, and Avalanche, showcasing their technological versatility.
Brickken’s digital asset platform caters to a wide range of sectors, including real estate, startups, institutions, venture capital funds, and family offices. The company provides a seamless entry point for businesses of all sizes and asset types to leverage the power of tokenization. Accordingly, Brickken is now amongst the biggest service providers in the Blockchain ecosystem.
Chainlink’s LINK serves as a reference token for Brickken and the advancements in the latter can impact the former in the long term. However, as of this writing, LINK is down 5.51% and trading at $13.55. It boasts of a market cap and trading volume standing at $7.9 billion and $462 million respectively.