Asset
tokenization platform Brickken announced today it has secured $2.5 million in
seed funding, setting its post-money valuation at $22.5 million. The company
reports it has processed over $250 million in tokenized assets since launching
its core product in March 2023
Although
the funding amounts are relatively modest, experts see significant potential in
the real-world assets (RWA)
tokenization industry. Currently, $5 billion has already been invested in this
sector, which is expected to grow at an average annual rate of nearly 25%.
Asset Tokenization
Platform Brickken Raises $2.5M in Seed Funding
The
platform plans to allocate the new capital toward technology development,
including API integrations and enterprise tools. Additional initiatives include
pursuing exchange listings to increase token accessibility.
The funding
round drew participation from international investors across three continents,
including U.S.-based Psalion and Ergodic Fund, Asia’s SNZ Capital and Blue Bay
Ventures, and European firms Mocha and Hodl Ventures.
Brickken
CEO Edwin Mata stated the funding would support the company’s expansion plans. “The
confidence shown by our investors and the strong performance of our platform
position us to continue leading the transformation of asset management through
blockchain technology.” Mata said in a statement.
The company
reports achieving EBITDA-positive status in 2024, alongside several
institutional developments including selection for the European Blockchain
Regulatory Sandbox program. Brickken operates alongside established firms such
as Coinbase in this regulatory initiative.
Timothy
Enneking, Managing Partner at Psalion, cited the company’s execution track
record as a key investment factor. “The progress they have made in such a
short period of time is truly remarkable, and the impact they’ve achieved
speaks volumes about their talent and vision,” Enneking noted.
RWA Tokenization
Brickken’s
development occurs as industry analysts project significant
growth in the tokenization sector. Market research indicates the global
tokenization market could expand at a 24.09% annual rate through 2030, with the
real estate segment expected to reach $16.51 billion by 2033.
RWA
tokenization transforms physical assets like real estate or art into digital
tokens on the blockchain, making them easier to buy, sell, and trade. This
process democratizes access to traditionally illiquid assets and enables
fractional ownership.
The company
maintains partnerships with several blockchain networks and financial services
providers, including status as an Official Tokenization Provider for BNB Chain
and participation in Circle’s Alliance Program.
This article was written by Damian Chmiel at www.financemagnates.com.
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