Coinbasebacked RWA tokenization platform becomes part of European Blockchain Sandbox

Brickken, a cutting-edge Web3 platform recognized for its intuitive RWA tokenization process, has been chosen to participate in the European Blockchain Sandbox.
Tokenization is a significant trend in the Web3 industry that is gaining momentum among established players like BlackRock and JPMorgan. This technology enables the representation of traditional assets such as securities, real estate, and art pieces on the blockchain, offering a modern approach to securing property and intellectual rights.
The global tokenization market is projected to reach a value of $16 trillion by 2030. However, there are challenges that may impede the industry’s progress. The blockchain ecosystem is fragmented, leading to obstacles in seamless token transfers and data sharing.
Limited interoperability complicates the movement of tokenized assets across various platforms, resulting in inefficiencies and increased expenses. The technical complexity of asset tokenization may also deter inexperienced users.
Furthermore, the regulatory landscape is evolving, with many countries lacking clear guidelines, creating legal uncertainties and hindering widespread adoption. Overcoming these challenges is vital for the continued growth and mainstream acceptance of tokenization in the financial and real estate sectors.
Participation in the EU blockchain sandbox
One initiative that aims to address these challenges is joining a program to enhance Europe’s regulatory framework.
Brickken offers a comprehensive solution for the creation, distribution, and management of digital assets for organizations of all sizes and industries. Its Digital Asset Suite targets key industry issues and provides a compliant platform for tokenizing real-world assets (RWA).
In line with its commitment to legal compliance, Brickken has joined the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. Managed by the European Commission, this program aims to provide legal clarity for blockchain technologies by fostering a secure environment for public and private institutions to exchange expertise and best practices.
Brickken will collaborate with the cryptocurrency exchange Coinbase in the program. Together, they will share their knowledge on tokenization and assist regulators and supervisors in understanding blockchain technologies better.
Participation in this program will enable Brickken to enhance its solutions, gain acceptance among institutional players, improve operational efficiency, and explore new markets.
While Brickken specializes in tokenizing financial instruments like debt and equity, it can be used for tokenizing various asset types. Users can tokenize RWAs in minutes without coding and in a compliant manner. The platform’s customizable investment portals provide real-time insights for managing digital assets seamlessly. Additionally, the platform connects users with legal, financial, and marketing experts through its marketplace.
Edwin Mata, CEO, and co-founder of Brickken, believes that equity, bonds, and financial instruments will drive the RWA space as leading institutions like BlackRock venture into it. Mata stated, “This is an excellent opportunity to collaborate with regulators and industry leaders to build a stronger and more reliable ecosystem.”
Regulatory-compliant tokenization
As a participant in the Cointelegraph Accelerator program, Brickken has tokenized real-world assets valued at over $200 million across 14 countries. The platform is integrated with prominent blockchains such as Ethereum, Base, Avalanche, and BNB Chain, and has partnered with industry leaders like PwC, Chainlink, Hacken, Ava Labs, and more.
Brickken has recently joined PwC’s Scale Digital Assets and Tokenization Program and is developing an MPC wallet. Plans for a tokenized credit card, bank transfer options, and an over-the-counter (OTC) module for cross-border transactions are on Brickken’s roadmap for 2024.
With a strong focus on regulatory compliance and technological capabilities, Brickken stands out in the tokenization industry. As a participant in the European Blockchain Sandbox, it is well-positioned to achieve its goal of providing a compliant and advanced tokenization platform.
To learn more about Brickken, please visit their website.
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