With this fresh capital, Brickken is set to expand its global footprint and enhance its solutions for institutional users.
Brickken, a blockchain company specializing in the tokenization of real-world assets (RWAs), announced on Wednesday the successful closure of its seed funding round, raising $2.5 million from institutional investors.
This funding brings the Barcelona-based company’s post-money valuation to over $22.5 million. With this capital injection, Brickken aims to scale its ecosystem and strengthen its competitive stance against rivals such as Allo, Assetera, and Credbull.
Driving Innovation in Tokenization Solutions
A portion of the $2.5 million raised will be allocated to rolling out innovative solutions designed to onboard users into the RWA economy. Brickken plans to launch new Application Programming Interfaces (APIs) and advanced features on its “next-generation SaaS platform,” tailored to meet the needs of corporate and institutional clients.
The funding will also support the development of streamlined asset management tools and AI-driven enhancements to boost operational efficiency. Additionally, Brickken is preparing to introduce customizable white-label solutions to cater to the unique requirements of institutional clients.
The company plans to channel part of the funds into its global expansion strategy, focusing on entering the Asian and US markets. Brickken aims to collaborate with financial regulators in these regions to ensure compliance with local regulations and build trust among institutional users.
Strategic partnerships with industry leaders are also on the horizon to broaden its reach. Currently, Brickken serves as the official network provider for RWAs on the BNB Chain. The company is also a participant in the Chainlink BUILD program, the European Blockchain Sandbox, Circle’s Alliance Program, and PwC’s Scale Tokenization Program.
High-Profile Backers Show Confidence
The seed funding round attracted leading venture capital firms, including Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha, and Hodl Ventures. These companies are based on different continents, including the United States and Asia.
Brickken’s CEO and co-founder, Edwin Mata, credited the participation of these prominent investors to their confidence in the company’s vision to revolutionize RWA tokenization.
“Our continued success reflects the growing demand for efficient, compliant, and user-friendly tokenization solutions… The confidence shown by our investors and the strong performance of our platform position us to continue leading the transformation of asset management through blockchain technology,” said Mata.
Milestones and Future Outlook
Despite being relatively new to the crypto industry, Brickken has achieved significant milestones, including tokenizing over $250 million worth of RWAs across 14 countries. The company attributes its success to its expert team and innovative approach.
In 2024, Brickken reached an EBITDA-positive status for the first time since its 2023 launch, delivering tangible value to clients across sectors such as renewable energy, real estate, and private equity.
Looking ahead, Brickken plans to list its native token on major centralized exchanges, collaborate with regulators globally to establish best practices in asset tokenization, and power large-scale tokenization initiatives for institutional and financial entities.
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