In simple terms, the Barcelona-based platform for tokenizing real-world assets called Brickken has successfully completed a $2.5 million investment round in its early stages. This now values the company at over $22.5 million after accounting for the funds raised.
As an analyst, I’d put it this way: Transforming real-world assets into digital tokens on a blockchain platform is essentially what I mean by asset tokenization. This process enhances accessibility for investors, broadening opportunities to buy and trade these assets in a more streamlined manner.
On January 15th, Brickken declared that they had successfully secured their funding, which represents a notable achievement for their blockchain platform based in Europe.
In a recent announcement shared by CryptoMoon, the initial funding round, or seed round, attracted investment from firms such as Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha, and Hodl Ventures.
According to Edwin Mata, the chief executive officer of Brickken, the funds from the recent capital raise will be utilized for expanding the RWA platform across Europe and for furthering the development of “blockchain-driven asset management transformation.
The CEO told CryptoMoon that he expects to see increasingly more tokenized products:
“We expect to see more financial instruments, such as bonds, equities, and commodities, being embedded onchain. At the same time, regulatory clarity is improving globally, which will provide the framework needed for the sector to scale responsibly.”
As a forward-thinking crypto investor, I am excited about channeling a portion of my investments towards enhancing our platform’s enterprise capabilities. This includes the development of advanced API integrations, white-label solutions, and the implementation of AI-powered agents to streamline operations and improve user experience.
Over the past two years, following its launch in March 2023, there’s been a surge in user interest for the European RWA platform, as it has successfully tokenized more than $250 million of assets across 14 different nations.
Brickken is also the official tokenization solution provider of Binance’s BNB Chain.
Financial institutions will drive the RWA sector’s trillion-dollar growth
Experts in the field are hopeful that the future growth of the RWA token will thrive, given its technology’s knack for generating increased market fluidity and expanding investment possibilities with conventional assets.
According to Brickken’s Mata, major financial entities are expected to propel the expansion of the RWA sector throughout 2025 and the following years.
As more institutions show an increasing interest and regulations advance, it seems likely that tokenization will play a crucial role in shaping the future of finance and will be a key topic associated with blockchain technology, not only in 2025, but for many years ahead,” he remarked.
According to projections from major financial organizations and consulting firms, as detailed in a study by Tren Finance, the RWA sector might experience a growth more than 50 times larger by the year 2030.
Many companies anticipate that the Real Asset and Wealth Management (RWA) industry could potentially expand its market value to anywhere from 4,000 billion dollars to 30,000 billion dollars.
Europe’s MiCA framework has no direct impact on RWA platforms
Brickken recently announced its seed funding round, this happening approximately two weeks following the activation of MiCA, a global first in comprehensive cryptocurrency regulation, that officially took effect for all crypto service providers on December 30th.
According to Mata, while the Markets in Crypto-Assets (MiCA) regulation primarily focuses on utility tokens, stablecoins, and tokens linked to assets, it doesn’t have a significant immediate effect on security tokens.
As a researcher delving into the realm of blockchain technology, I’ve found that Brickken’s primary area of concentration is in the vertical of securities tokenization and the creation of corporate financial instruments. Notably, these sectors fall under the purview of established legal frameworks such as national securities law, corporate law, and financial regulations.
In simpler terms, the current laws already set up a definite structure for the creation and handling of tokenized stocks, which means that the MiCA (Markets in Crypto-Assets) regulation may not apply significantly to this particular area.
Although many in the industry view MiCA positively, certain regulatory specialists express concerns about its tendency towards excessive regulation, potentially causing cryptocurrency companies to seek out more innovation-favoring locations instead.
Read More
- RLC PREDICTION. RLC cryptocurrency
- OKB PREDICTION. OKB cryptocurrency
- CAKE PREDICTION. CAKE cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- POL PREDICTION. POL cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- FLOKI PREDICTION. FLOKI cryptocurrency
- ZEN PREDICTION. ZEN cryptocurrency
- TRAC PREDICTION. TRAC cryptocurrency
- SXP PREDICTION. SXP cryptocurrency
2025-01-15 15:40