BTguru and Chainlink Partnership for Tokenized Securities in Turkey
- BTguru and Chainlink collaborate to promote tokenized securities in Turkey.
- Chainlink’s technology will be leveraged for interoperability, data feeds, and proof-of-reserves.
Chainlink has partnered with BTguru, a Turkey-based virtual and crypto assets firm, to drive the adoption of tokenized securities among institutional investors in the country.
Key Technological Solutions
According to a press release on Tuesday, BTguru plans to utilize Chainlink’s core technologies, including proof-of-reserve technology, CCIP interoperability protocol, and Data Feeds, to achieve this objective.
BTguru has partnered with Chainlink to scale institutional adoption of tokenized securities in Turkey.
The Chainlink standard will significantly enhance the security, liquidity, and utility of tokenized assets on BTguru’s platform.https://t.co/3XBXiiLAyo pic.twitter.com/GVbw1vsrTm
— Chainlink (@chainlink) January 14, 2025
Solving Institutional Challenges
The collaboration aims to address the obstacles in tokenized assets markets by offering enhanced security, data connectivity, asset utility, and interoperability for users.
BTguru’s managing partner, Can Bukulmez, expressed confidence that the partnership with Chainlink will propel BTguru’s growth in the sector.
He stated, “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.”
Real-Time Solutions for Financial Institutions
The partnership intends to provide real-time solutions to emerging challenges in digital assets markets for banks and financial institutions, including access to proof-of-reserves, price data, and net asset value.
Through integration with Chainlink’s oracle network, BTguru users will benefit from multi-chain tokenized asset data synchronization for off-chain connectivity.
David Fuchs, Head of business development for EMEA at Chainlink Labs, emphasized the importance of the partnership in meeting compliance and security requirements for institutional-grade digital assets.
He highlighted that “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.”
