Brickken Makes RWA Network Cross-Chain with Chainlink’s CCT Standard

Brickken (BKN), a platform that permits firms to tokenize RWAs into tokens, has partnered with Chainlink, a decentralized oracle community that gives real-world information and cross-chain protocol interoperability. The partnership allowed Brickken to combine Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into its quickly evolving RWA platform.

Brickken, a Barcelona-based institutional-grade software program supplier, is likely one of the contributors of $16.82 billion TVL that at the moment exists within the broader RWA protocols, based on information sourced from DeFiLlama. The platform allows the regulated tokenization of assorted real-world belongings utilizing blockchain. By integrating TradFi with blockchain, Brickken supplies instruments for traders to unlock liquidity, streamline asset administration and drive engagement.

Advantages that Brickken achieves by means of CCT customary adoption

With the partnership, Brickken built-in Chainlink’s Cross-Chain Interoperability Protocol (CCIP) infrastructure into its tokenization community. This integration successfully upgrades Brickken to a Cross-Chain Token (CCT) customary, permitting belongings on the platform to maneuver throughout greater than 60 chains. With this improve, customers can now transfer BKN and a number of tokens on Brickken seamlessly throughout protocols and use superior DApps throughout varied Web3 marketplaces and ecosystems.

With the combination of Chainlink’s CCIP on Brickken, the tokenization platform can now transfer belongings securely and with out permission between its community and dozens of different chains. The implementation used the CCT customary, a mannequin that permits seamless motion of belongings throughout all CCIP-connected networks.

The combination of Chainlink’s Knowledge Streams infrastructure supplies Brickken with quick, high-performing market information, permitting the tokenization platform to energy varied DeFi functionalities resembling derivatives, lending, buying and selling, and so on.

Rising Demand for Blockchain Interoperability

Chainlink’s CCT customary and CCIP infrastructure are a number of the widely known interoperability options within the DeFi business. They permit Web3 platforms to concern and handle belongings throughout quite a few blockchain networks to fulfill the calls for of the ever-expanding cross-chain ecosystem.

The combination between Brickken and Chainlink demonstrates the significance of interoperable blockchain options that present companies with essential advantages, together with:

• Operational effectivity: Simplified processes throughout a number of blockchain networks.
• Improved consumer expertise: Prospects can transfer belongings effectively with out technical obstacles.
• And aggressive benefit: Adopters acquire flexibility in scaling purposes in decentralized ecosystems.