Brickken (BKN), a platform that enables businesses to tokenize RWAs into tokens, has partnered with Chainlink, a decentralized oracle network that provides real-world data and cross-chain interoperability to protocols. The partnership enabled Brickken to integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into its rapidly advancing RWA platform.
Brickken, a Barcelona-based institutional-grade software provider, is one of the contributors of $16.82 billion TVL currently existing in the wider RWA protocols, according to data sourced from DeFiLlama. The platform enables the regulated tokenization of various real-world assets using blockchain. By integrating TradFi with blockchain, Brickken offers tools for investors to unlock liquidity, streamline asset management, and advance engagement.
Benefits That Brickken Gains Through the CCT Standard Adoption
With the partnership, Brickken integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) infrastructure into its tokenization network. This integration effectively upgrades Brickken into a Cross-Chain Token (CCT) Standard, enabling assets on the platform to move across over 60 chains. With this upgrade in place, users can now seamlessly move BKN and multiple tokens on Brickken across various protocols and use advanced DApps across diverse Web3 markets and ecosystems.
With the incorporation of Chainlink’s CCIP on Brickken, the tokenization platform can now move assets securely and permissionlessly between its network and dozens of other chains. The deployment adopted the CCT standard, a model that allows seamless movement of assets across all CCIP-interlinked networks.
The integration of Chainlink’s Data Streams infrastructure provides Brickken with rapid, high-performing market data, enabling the tokenization platform to power various DeFi functionalities like derivatives, lending, trading, etc.
Rising Demand for Blockchain Interoperability
Chainlink’s CCT standard and CCIP infrastructure are some of the widely recognized interoperability solutions in the DeFi industry. They enable Web3 platforms to issue and manage assets natively across numerous blockchain networks to meet the demands of the increasingly growing cross-chain ecosystem.
The integration between Brickken and Chainlink showcases the significance of interoperable blockchain solutions that provide businesses with crucial advantages, including:
- Operational efficiency: Simplified processes across multiple blockchain networks.
- Enhanced user experience: Customers can move assets efficiently without technical hindrances.
- And, competitive advantage: Adopters gain flexibility in scaling applications across decentralized ecosystems.
