- Brickken unlocks the potential of stock tokenization through on-chain channels.
- Traditional assets converted to Ethereum blockchain.
- Framework comports with KYC guidelines.
- Brickken to use its native BKN token and decentralized application (dApp) to offer necessary tools for issuing tokens.
Brickken, a tokenization solution company that utilizes blockchain technology to bring companies on-chain, has unlocked the economic potential of tokenizing corporate stock.
After a successful $2 million private token presale, Brickken now provides a platform and toolbox for businesses to convert their traditional assets onto the Ethereum blockchain.
For business owners, navigating the routine challenges of fundraising and asset management can be overwhelming, mostly at the startup level. In the niches of venture capital and crowdfunding, it is exceedingly demanding for start-ups to secure funding through conventional methods.
Typically, the existing avenues of fundraising exclude average investors from getting in on the ground floor of projects they believe in. The startup failure rate is phenomenally high, which presents an opportunity to foster inclusive alternatives to slow this trend.
Speaking on the new development, Edwin Mata, CEO and Co-Founder of Brickken said;
Brickken is a destination for companies of all sizes to alter how they approach fundraising and business administration. As we approach our upcoming token listing our goal is to show there is an alternative to the traditional barriers in sustaining a company.
Tokenization protocol and interface
Brickken provides a tokenization protocol and interface for companies to explore the possibilities of creating on-chain equity from traditional assets. Using its native BKN token and decentralized application (dApp) set to launch in 2022, Brickken equips businesses with the tools required for issuing their own utility and security tokens. This will help them to raise funds and digitize company ownership.
Importantly, Brickken’s framework offers a seamless channel to manage digital assets while adhering to all existing safety and compliance regulations. Its streamlined Brickken interface empowers companies to cultivate a community of early backers in a safe and transparent framework.
Also, Brickken’s dApp provides the infrastructure for centralized businesses to transition into self-sufficient decentralized autonomous organizations (DAOs) This provides a protocol for companies to remain legally compliant while following a fully community-based approach. Specifically, companies can utilize a Know Your Customer (KYC) process to ensure businesses and individuals issue tokens with an authenticated entity.
What is Brickken?
Founded in 2020, Brickken utilizes blockchain technology to bring companies on-chain through asset tokenization. It offers businesses, startups, and institutional players alike, a decentralized way to raise funds by issuing security tokens in Security Token Offering (STOs) and managing their digital assets on one platform. Brickken’s best-in-class user interface provides investors with new opportunities of generating passive income, and opening new markets to the world.