BTguru Partners with Chainlink to Boost Institutional Adoption of Tokenized Securities

Turkish virtual and crypto assets provider BTguru has formed a partnership with Chainlink to accelerate the adoption of tokenized securities among institutions. This collaboration aims to address key challenges faced by institutions in the tokenized assets market.

Through this integration, BTguru will incorporate Chainlink’s Cross-Chain Interoperability Protocol and other technical infrastructure into its digital asset solutions. This will enable BTguru to offer users enhanced security, data connectivity, reliability, interoperability, and asset utility. The solution is expected to be rolled out in the coming months, working alongside Turkey-regulated financial institutions.

Enhancing Institutional Adoption

According to Can Bukulmez, managing partner at BTguru, “The Chainlink standard will help BTguru provide financial institutions with the tools they need to unlock the full potential of tokenized assets while ensuring compliance and security at every step.”

The partnership will provide banks and other institutions with secure access to critical indicators such as:

  • Price data
  • Proof-of-reserves
  • Net asset value
  • Identity information

Chainlink’s oracle network offers multi-chain synchronization of tokenized asset data, enabling off-chain connectivity and cross-chain interoperability.

Unlocking New Opportunities

David Fuchs, head of business development for EMEA at Chainlink Labs, stated that the partnership will unlock new opportunities for BTguru in the tokenized assets sector. “Chainlink will enable BTguru to not only meet the stringent compliance and security requirements for institutional-grade digital assets, but also foster innovation and trust in the growing tokenized asset economy.”

BTguru’s partnership with Chainlink is the latest in a series of collaborations between Chainlink and other major players in the crypto industry. This development is expected to drive further growth and adoption of tokenized assets among institutions.

For more news and updates on the crypto market, visit Global Crypto News.

Post Views: 0