- BTguru and Chainlink have teamed up to promote asset tokenization in Turkey.
- The crypto platform will tap into Chainlink’s key technology around interoperability, data feeds and proof-of-reserves.
Chainlink has joined forces with BTguru, Turkey-based virtual and crypto assets firm. The two firms aim at enhancing adoption of tokenized securities across the country for institutional investors.
Per details in a press release on Tuesday, BTguru seeks to tap on Chainlinks services for this goal. These are Chainlink’s flagship tech stacks, which include Chainlink’s proof-of-reserve technology, interoperability protocol CCIP, and Data Feeds.
BTguru has partnered with Chainlink to scale institutional adoption of tokenized securities in Turkey.
The Chainlink standard will significantly enhance the security, liquidity, and utility of tokenized assets on BTguru’s platform.https://t.co/3XBXiiLAyo pic.twitter.com/GVbw1vsrTm
— Chainlink (@chainlink) January 14, 2025
To enhance digital assets solutions, BTguru borrows essential services from Chainlink to have enhanced security in its service delivery. It will have cross-chain interoperability protocol and make use of Chainlink’s tech infrastructure to the Turkish regulated financial firms.
A solution to challenges for institutions
The partnership seeks to offer solutions to the challenges affecting tokenized assets markets. With combined efforts, BTguru will seal the gap in tokenized assets markets by ensuring users have seamless data connectivity, enhanced security, asset utility, interoperability as well as getting reliable services.
BTguru managing partner Can Bukulmez in a statement noted that the two firms’ partnership will bolster BTguru’s growth.
He said, “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 goal is to provide real time solutions to emerging challenges associated with digital assets markets to banks and other financial institutions. Banks will have access to proof-of-reserves, price data and net asset value.
BTguru linking with Chainlink’s oracle network users will get multi-chain tokenized asset data synchronization allowing for off-chain connectivity.
David Fuchs, Head of business development for EMEA at Chainlink Labs could not downplay the importance the partnership brings onboard.
He noted that “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,”
The post BTguru partners with Chainlink to enhance tokenization in Turkey appeared first on CoinJournal.
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