Brickken, a Web3 platform known for its user-friendly RWA tokenization experience, has been selected to participate in the European Blockchain Sandbox.

Tokenization is a key trend in the Web3 space that is gaining traction among traditional players such as BlackRock and JPMorgan. The technology allows for carrying traditional assets such as securities, real estate and art pieces onchain while providing a cutting-edge way for securing property and intellectual rights by utilizing blockchain.

The global tokenization market is estimated to be worth $16 trillion by 2030. However, several challenges may hinder the industry’s growth. The blockchain ecosystem is highly fragmented, creating barriers to seamless token transfers and data sharing.

Limited interoperability complicates the transfer of tokenized assets across different platforms, leading to inefficiencies and increased costs. The process of tokenizing assets is technically complex, which may discourage novice users.

Additionally, the regulatory environment is still evolving, with many countries lacking clear guidelines, creating legal risks and deterring widespread adoption. Addressing these challenges is crucial for the continued growth and mainstream acceptance of tokenization in the financial and real estate sectors.

Joining the EU blockchain sandbox

One project addressing these challenges is joining a program to improve Europe’s regulation landscape. Brickken is an all-in-one solution for launching, distributing and managing digital assets for companies and institutions of all types, sizes and industries. Its Digital Asset Suite targets key issues lingering in the industry and provides a comprehensive and regulatory-compliant platform to tokenize real-world assets (RWA).

In line with its mission to ensure legal compliance, Brickken has become a participant in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. Curated by the European Commission, the program is set to deliver legal certainty for blockchain technologies by fostering a secure environment where participants — both public and private institutions — can offer advice and exchange best practices.

Brickken will participate in the program with the cryptocurrency exchange Coinbase. Together, they will provide know-how in tokenization and guide regulators and supervisors with their expertise to deepen the latter’s understanding of blockchain technologies.

Brickken’s participation will also enable the Web3 platform to develop and optimize its solutions. The project strives to gain acceptance among institutional players, improve its operational efficiency and pave the way for entering new markets.

While Brickken specializes in financial instrument tokenization, such as debt and equity, it can be utilized for tokenizing all types of assets. Users can tokenize RWAs in under 3 minutes without the need for coding and in a regulatory-compliant way. Its customizable investment portals with real-time insights empower users to manage their digital assets seamlessly. The platform is also home to a marketplace that connects users with legal, financial and marketing experts.

Brickken CEO and co-founder Edwin Mata believes that equity, bonds and financial instruments will drive the RWA space as BlackRock and other prominent institutions jump in. “This is a great opportunity to work closely with regulators and other industry leaders to build a stronger and more reliable ecosystem,” Mata said.

Regulatory-compliant tokenization

Cointelegraph Accelerator program participant Brickken has tokenized real-world assets worth over $200 million across 14 countries. The platform is integrated with prominent blockchains like Ethereum, Base, Avalanche and BNB Chain has partnered with industry giants such as PwC, Chainlink, Hacken, Ava Labs and more.

The startup has recently joined PwC’s Scale Digital Assets and Tokenization Program. It is currently developing an MPC wallet. A tokenized credit card, bank transfer options and an over-the-counter (OTC) module for cross-border transactions are also in Brickken’s 2024 roadmap.

With a focus on regulatory compliance and technological capabilities, Brickken stands out in the tokenization space. Now a participant in the European Blockchain Sandbox, it is well-positioned to achieve its mission of delivering a compliant and advanced tokenization platform.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.