Brickken raises $2.5M to enhance tokenisation efforts

Barcelona-based Brickken (CRYPTO:BKN), a platform specialising in the tokenisation of real-world assets (RWA), has successfully completed a seed funding round of $2.5 million, elevating its post-money valuation to over $22.5 million.

This funding milestone was announced on January 15 and marks a significant step for the blockchain platform as it aims to expand its operations across Europe.

The seed round attracted investments from several firms, including Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha, and Hodl Ventures.

Brickken plans to utilise the newly acquired funds to support its European expansion and enhance asset management through blockchain technology.

“We expect to see more financial instruments, such as bonds, equities, and commodities, being embedded onchain,” stated Co-founder and CEO Edwin Mata, expressing optimism about the future of tokenised financial products.

He noted that improving regulatory clarity worldwide will facilitate responsible scaling within the sector.

In addition to expanding its product offerings, Brickken intends to introduce enterprise-grade solutions such as new API integrations and artificial intelligence agents.

Since its launch in March 2023, Brickken has tokenised over $250 million worth of assets across 14 countries, highlighting rising demand for its services.

Mata emphasised that large financial institutions are likely to play a crucial role in the growth of the RWA sector moving forward.

“With growing institutional interest and clear regulatory progress, tokenisation is positioned to become a cornerstone of the modern financial system,” he remarked.

Predictions suggest that the RWA market could expand significantly by 2030, with estimates ranging from $4 trillion to $30 trillion.

Despite recent regulatory developments in Europe with the Markets in Crypto-Assets Regulation (MiCA), Mata clarified that these regulations primarily affect utility tokens and have little direct impact on tokenised securities.

“These existing legislations provide a clear legal framework for the issuance and management of tokenised securities,” he stated.

At the time of reporting, the Brickken (BKN) price was $0.3819.