As the standard for onchain finance, Chainlink has enabled over $18 trillion in transaction value and provides essential infrastructure for a spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
Today, BTguru, an organization driving digital asset adoption in Turkey, announced its partnership with Chainlink to enhance the utility and liquidity of its institutional offerings. BTguru will initially leverage Chainlink Data Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve (PoR) in projects with regulated financial institutions in Turkey.
RWAs are blockchain-based tokens that represent physical or traditional financial assets such as cash, debt, securities, commodities, and real estate as unified golden records onchain. Because RWAs confer benefits such as fractionalization and programmability with better liquidity, transparency, and risk management, the space could reach $10 trillion by 2030.
To unlock their full potential, RWAs must be continuously enriched with high-quality offchain data and able to move freely between private and public blockchains. Chainlink has emerged as the preferred way for financial institutions to deliver key information such as net asset value (NAV) and reserve data for RWAs onchain while unlocking cross-chain liquidity through CCIP.
BTguru offers a digital assets-as-a-service platform for a spectrum of banks and fintech companies to pioneer regulated digital asset products. Integrating Chainlink’s battle-tested oracle infrastructure, which has proven resilient during adverse and unexpected events such as flash loan attacks, will help BTguru ensure onchain assets meet regulatory requirements with the utmost security and reliability.
“As a market leader adopting Chainlink, BTguru is well positioned to help its customers unlock the full potential of tokenized assets,” said David Fuchs, Business Development Head EMEA at Chainlink Labs. “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.”
“We are thrilled to partner with Chainlink to bring enhanced security, data reliability, and interoperability to Turkey’s tokenized securities market,” said 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.”
To learn more about BTguru, visit their website.