BTguru Partners with Chainlink to Strengthen Turkey’s Tokenized Securities Market

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BTguru has teamed up with Chainlink to enhance the usefulness and market liquidity of its institutional product line. This alliance will utilize Chainlink’s cutting-edge blockchain solutions, such as the Cross-Chain Interoperability Protocol, data feeds, and proof of reserve, in projects involving regulated financial institutions within Turkey.

In a recent announcement, the firm declared its intention to incorporate Chainlink technology into its digital asset offerings. This move aims to tackle significant issues within the tokenized asset sector, enhancing security, data flow, and the practicality of digital assets for their clients.

Bukulmez stated that BTguru partnering with Chainlink aims to make the use of tokenized assets safer and more effective for Turkish financial institutions, ensuring both compliance and security in the process.

Using the Chainlink standard, BTguru offers financial institutions the necessary tools to maximize the capabilities of tokenized assets, all while maintaining compliance and security throughout the process.

BTguru collaborates with Chainlink to boost the acceptance of tokenized securities among institutions in Turkey, aiming for wider adoption.

By incorporating the Chainlink standard, BTguru’s platform is set to boost the safety, availability of funds, and practical applications of its tokenized assets substantially.

— Chainlink (@chainlink) January 14, 2025

David Fuchs, Head of Business Development EMEA at Chainlink, stated that the collaboration allows BTguru to aid its clients in maximizing the potential of tokenized assets. He further mentioned that Chainlink’s infrastructure will assist BTguru in fulfilling the stringent compliance and security regulations necessary for high-grade digital assets intended for institutional use. In David’s words:

Excited about our growth in the region, I’m thrilled to announce that BTguru is teaming up with Chainlink. As a pioneer embracing Chainlink, BTguru stands ready to guide its clients towards maximizing their returns from tokenized assets. This partnership will empower us to adhere to the rigorous compliance and security standards demanded by institutional-grade digital assets, while also driving innovation and fostering trust within the burgeoning tokenized asset market.

BTguru’s Commitment to Modernizing Financial Institutions in Turkey

As a crypto investor, I’ve learned from BTguru that while tokenized assets hold numerous advantages, they need more than just being on the blockchain to fully function in the digital economy. They require top-notch off-chain data, like market prices and identity information, to operate smoothly.

The firm emphasized that a trustworthy system for verifying reserves is crucial to prevent problems like excessive distribution, while also addressing risks related to value and availability. The company explained that by integrating Chainlink, their platform will uphold the necessary security and regulatory standards for institutional investors in Turkey’s digital securities market.

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The company stated that having a dependable system to confirm reserves is essential to avoid problems like excessive distribution and tackle concerns such as value and availability. They also mentioned that by using Chainlink, their platform will adhere to the required security and compliance standards for institutional investors in Turkey’s tokenized securities market.

Other cryptocurrency platforms, like Aptos and Ripple, are now incorporating the Chainlink oracle service into their systems. Notably, Ripple is employing this service for its stablecoin named RLUSD.

Partnering with Chainlink marks a major advancement for BTguru in updating Turkey’s financial framework for the modern era. By leveraging BTguru’s knowledge of local markets and Chainlink’s reliable blockchain technology, this alliance positions Turkey as a leading contender in the rapidly changing digital asset market.

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2025-01-14 22:18