- Brickken, a Chainlink-powered platform, joins the European Blockchain Tokenization Sandbox.
- Brickken is expanding its tokenization prowess to complement multiple partners and protocols it is connected to.
Chainlink-powered Brickken is allowed Participate in the European Blockchain Sandbox with a view to increasing tokenization. This program, led by the European Commission, encourages collaboration between blockchain makers and regulators to navigate the legal space.
Brickken will use Digital Asset Suite for tokenization
Brickken’s participation offers a unique opportunity, as one of only twenty projects directly impacting 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’re kicking off this partnership with the @EU_Commission and testing our Digital Asset Suite on @coinbase’s @base together with 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 will enable regulators to gain a deeper understanding of tokenization and work 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 build a strong foundation for tokenization in Spain.
Brickken’s inclusion in the sandbox will enable the company to gain broader acceptance among institutional clients, market operators and bond issuers. Ultimately, this will facilitate its expansion into new markets.
This selection marks an important 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 solidify its position as a leader in blockchain adoption for institutional clients. Furthermore, Brickken has established partnerships with industry giants such as Chain linka world-renowned provider of RWA tokenization technology.
Edwin Mata, CEO and co-founder of Brickken, said: “This opportunity validates our approach to asset tokenization and allows us to work with regulators and other top industry leaders to advance tokenization adoption. The experience and knowledge we will gain in this regulatory sandbox will be invaluable to our future growth and will position Briccken as one of the leaders in the industry.”
Brickken’s Blockchain Achievements
Founded in 2020 in Barcelona, Brickken has experienced phenomenal growth. The company currently operates in over 14 countries and has tokenized over $200 million in assets through Digital Asset Suite. Furthermore, Brickken has more than 50 customers and has achieved a 100% year-on-year growth rate.
Well-known companies such as HackenClub and HydroWindEnergy are among its customers, and their Total Value Locked (TVL) exceeds $10 million. Furthermore, Brickken’s solutions run on large blockchain networks such as EthereumBNB Chain and Avalanche, demonstrating their technological versatility.
Brickken’s digital asset platform focuses on a wide range of sectors, including real estate, startups, institutions, venture capital funds and family offices. The company provides a seamless entry point for companies of all sizes and asset types to harness the power of tokenization. Accordingly, Brickken is now among the largest service providers in the Blockchain ecosystem.
Chainlink’s LINK serves as a reference token for Brickken and progress in the latter could impact the former in the long term. However, at the time of writing, LINK is offline 5.51% and trade on $13.55. It boasts a market capitalization and trading volume of $7.9 billion and $462 million, respectively.