In Turkey, BTguru, a company that offers virtual and cryptocurrencies, is teaming up with Chainlink to speed up the acceptance of security tokens among financial institutions.
Through the collaboration, the partnership intends to utilize Chainlink’s interoperable protocol, data services, and reserve verification tech, according to a statement from BTguru.
In my role as a researcher, I am excited to announce that we are integrating Chainlink’s Cross-Chain Interoperability Protocol and various technological infrastructures into BTguru’s digital asset solutions. This collaboration is taking place concurrently with our work alongside Turkey-regulated financial institutions, aiming to deliver a seamless and secure experience for our users.
As a forward-thinking crypto investor, I’m eagerly anticipating the launch of BTguru’s innovative integration. This groundbreaking solution is designed to tackle crucial hurdles that institutions encounter when diving into the tokenized assets market. By offering heightened security, seamless data connectivity, unwavering reliability, effortless interoperability, and increased asset utility, this solution promises to revolutionize my investment experience in the coming months.
According to a statement from Bukulmez, the managing partner at BTguru, the Chainlink standard will empower financial institutions by offering them necessary tools to maximize the potential of tokenized assets, all while maintaining compliance and security throughout the process.
As an analyst, I can express it this way: By joining forces, we’ll grant banks and other organizations secure entry to essential metrics like price details, proof-of-reserves, net worth values, and identity facts. Chainlink’s oracle network ensures the synchronized transmission of tokenized asset data across multiple chains, thereby facilitating off-chain connectivity and cross-chain compatibility.
As an analyst, I can express this statement as follows: I, (analyst), report that David Fuchs, the Chief of Business Development for EMEA at Chainlink Labs, mentioned that the partnership will open up fresh prospects for BTguru in the field of tokenized assets.
Through Chainlink, BTguru can fulfill the rigorous compliance and security standards demanded by institutional investments in digital assets, while simultaneously promoting creativity and credibility within the expanding market of tokenized assets,” Fuchs noted.
Platforms offering cryptocurrencies such as Aptos mainnet and Ripple (specifically for its stablecoin RLUSD) have recently begun utilizing Chainlink’s oracle service.
As a researcher in the field, I’d express it like this: “In July 2024, I found myself involved in an exciting collaboration between Tether, the issuer of USDT, and BTguru. Our aim was to investigate the potential implementation of Real-time Wholesale Account (RWA) for banks based in Turkey.
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2025-01-14 18:10