Tokenization Platform Brickken integrated the decentralized credit protocol Credefi to create a peer-to-peer loan system.
Summary
- Brickken integrates credit for decentralized loans
- The new credit system will be peer-to-peer
- RWAS will serve as the support for loans
Real-World Assets quickly expand the potential in Defi, including for decentralized loans. On Monday, July 28, the Brickken tokenization platform was integrated with the Defi Lender Credefi to create permissionless, peer-to-peer loans.
The Brickken Credit Platform will use the RWAs on its platform as a loan under building for loans. Users can set these RWAs as collateral on the Defi platform of Credefi, set their own loan conditions, including interest rates and duration.
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According to Edwin Mata, CEO of Brickken, this approach uses Defi to give RWAS a real use case, to keep and act further than just. What is more, the loans will be completely non-requiring, without a bank between people.
“This collaboration proves that tokenization is not only about creating digital representations of assets, it is about unlocking usefulness, liquidity and autonomy,” Edwin Mata, Brickken.
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Brickken explained that this initiative is part of its broader effort to grow the RWA ecosystem. In particular, the focus is on bringing liquidity by Defi, who was missing so far. For Defi -Emitents, for example, this approach enables their assets to market.
“Thanks to Credefi, we add a crucial piece to the RWA puzzle: the Defi layer. Although issue and compliance have been beaten considerably, Defi now brings the liquidity layer that the Real-World assets have to scales. With all three pillars, issue, compliance, compliance and Defi-ADJET-ADJOT-ADJOT-ONJETCT are finally tuned. Brickken Cro Ludovic Rossi.
Yet it is unlikely that RWA -Loingen will get a large piece from the traditional credit market. Instead, the RWA holders enable to largely provide loans on the basis of the observed underlying value of their assets.
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