BTguru collaborates with Chainlink to enhance security, interoperability, and compliance for institutional digital asset solutions in Turkey’s market.
BTguru has partnered with Chainlink to boost the utility and liquidity of its institutional offering. The collaboration will leverage Chainlink’s advanced blockchain services, including the Cross-Chain Interoperability Protocol, data feeds, and proof of reserve, in projects with regulated financial institutions in Turkey.
The company stated in the press release that it plans to integrate Chainlink into its digital asset solutions to address key challenges in the tokenized asset space while improving security, data connectivity, and the utility of digital assets for its customers.
Can Bukulmez, Managing Partner at BTguru, stated that the partnership with Chainlink aims to improve security, data reliability, and interoperability within Turkey’s tokenized securities market. He added that the collaboration will help financial institutions use tokenized assets more effectively while ensuring compliance and security. Bukulmez said:
“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.”
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
David Fuchs, Business Development Head EMEA at Chainlink, commented that the partnership will enable BTguru to assist its customers in reaching the full potential of tokenized assets. He added that Chainlink’s infrastructure will help BTguru meet the rigorous compliance and security standards required for institutional-grade digital assets. David said:
“As we expand our presence in the region, we are excited to see BTguru partner with Chainlink […] As a market leader adopting Chainlink, BTguru is well positioned to help its customers unlock the full potential of tokenized assets. 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.”
BTguru’s Commitment to Modernizing Financial Institutions in Turkey
BTguru explained that while tokenized assets offer diverse benefits, they still require additional services to be fully functional in the on-chain economy. They need high-quality off-chain data, such as market pricing and identity information, to operate effectively.
The company added that a reliable proof of reserves system helps users protect themselves from issues like over-issuance while managing risks such as market value and liquidity. The company noted that by leveraging Chainlink, its platform will ensure these assets meet security and compliance standards for institutional users in Turkey’s tokenized securities market.
Others crypto platforms, such as Aptos and Ripple, have started using Chainlink’s oracle network, with Ripple utilizing it for its stablecoin RLUSD.
BTguru’s partnership with Chainlink represents a significant step forward in modernizing Turkey’s financial infrastructure. By combining BTguru’s expertise in local markets with Chainlink’s proven blockchain technology, this collaboration positions Turkey to become a key player in the evolving digital asset landscape.
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