European Blockchain Sandbox
Brickken, a Barcelona-based startup that tokenizes real-world assets, has been selected to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This regulatory sandbox will provide legal certainty for decentralized technological solutions, including blockchain, by identifying deployment obstacles from a legal and regulatory perspective. It will also offer legal advice, regulatory expertise, and guidance in a secure and confidential environment.
The program, driven by the European Commission, allows regulators and supervisors to enhance their understanding of the latest blockchain technologies and share best practices through ongoing dialogue between public institutions and private entities such as Brickken.
With its inclusion in the European Regulatory Sandbox, Brickken said it will be able to develop and optimize its solutions within a secure environment, boosting its acceptance among institutional clients, market operators, and bond issuers, thereby facilitating its entry into new markets. Brickken aims to become a strategic ally for various capital market players, maximizing their operational efficiency and fostering technological synergy in digital asset management.
“This opportunity validates our innovative approach to asset tokenization and also allows us to collaborate with regulators and other industry leaders to build a stronger and more reliable blockchain ecosystem. The experience and knowledge we gain in this regulatory sandbox will be invaluable for our future growth and success,” Brickken co-founder and CEO Edwin Mata said.
Recently, Brickken announced its selection for the Scale program for tokenization and digital assets by the international consultancy PricewaterhouseCoopers (PwC). The company has secured partnerships with Psalion and Chainlink, a real-world asset tokenization technology, used by global financial institutions.
Brickken and Coinbase will unite to advance best practices for infrastructure and market structure powering the tokenization of real-world assets. Brickken brings tokenization and technology, and will build solutions on infrastructure supported by Coinbase such as Wallet and Base.
Founded in Barcelona in 2020 by Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, the company is active in more than 10 countries and has tokenized more than 200 million euros in assets.
The digital asset platform specializes in the tokenization of financial instruments like equity and debt, regardless of the company’s size, asset type, or jurisdiction. It provides technological support for anyone looking to enter the market without the need to develop their technology.
