Cointelegraph accelerator program welcomes Brickken: A new step in asset tokenization

As digitalization takes implicit the fiscal industry, tokenization is becoming an integral portion of tomorrow’s superior market. While making usage of blockchain technology, tokenization securitizes assets successful a integer mode and creates a flurry of opportunities for assets, markets and imaginable investors.

The continuously increasing tokenization marketplace is expected to reach $16 trillion by 2030 successful the illiquid conception alone, according to the Boston Consulting Group. In addition, the World Economic Forum predicted that up to 10% of planetary GDP volition beryllium managed on-chain by 2025. A akin fig was provided by banking elephantine HSBC, which estimates that up to 10% of each assets volition beryllium tokenized by 2030.

Without wasting immoderate time, immoderate marketplace players similar Brickken person already taken the archetypal steps to capitalize connected the increasing demand. Brikken is simply a tokenization level that is portion of the Spanish-based institution Brick Token, S.L. and aims to supply an all-in-one tokenization solution for businesses, entrepreneurs and investors focused connected managing their integer assets.

Recognizing the company’s promising concern exemplary and semipermanent prospects, Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities arsenic a media and strategical partner, volition enactment Brickken with a wide scope of content, branding, marketing, education, networking and capitalist relations solutions. As portion of the alliance, Brickken volition articulation Cointelegraph’s Accelerator Program, which was launched earlier this year.

One spot to regularisation them all

Brickken’s flagship product, the Token Suite, helps companies person real-world assets into blockchain-based integer assets utilizing Ethereum and enables them to rise efficiencies during IPOs. The diagnostic besides supports companies done the full tokenization cycle, from instauration to motorboat and absorption of integer assets, and offers tools for compliance, capitalist relations, firm actions and optimization.

When it comes to investors, the Token Suite solution tin beryllium a broad assets for opportunities done tokenized institution shares. Investors summation entree to an easy-to-use interface to negociate assets and prosecute with invested companies. Over $200 cardinal successful assets are waiting to beryllium tokenized via the Token Suite by year-end, creating opportunities for companies and investors alike. In conscionable a fewer months, the Token Suite solution is utilized by much than 30 progressive customers who person raised much than $2 million.

Brick by brick

To prolong its maturation and marque usage of the talented team, Brickken has thought retired a $350,000 assistance from Neotec, a Spanish-based money launched by the European Investment Fund (EIF). Brickken received exclusive entree to Spain’s fiscal regulatory sandbox and has raised astir $3 cardinal successful total. Furthermore, it was awarded the SME Seal of Innovation by the Spanish Ministry of Science and Innovation. The involvement from high-profile institutions and the concern with Chainlink helped Brickken jump-start its tokenization business.

The Brickken ecosystem is fueled by the autochthonal token BKN, with the assemblage circular commenced wrong 3 months, during which the institution distributed 25 cardinal BKN astatine $0.08 per unit. Brickken’s archetypal nationalist circular sold 6 cardinal tokens, and the 2nd circular volition beryllium unrecorded until May 31.