- BTguru and Chainlink have partnered to advance asset tokenization in Turkey.
- The crypto platform will leverage Chainlink’s core technologies for interoperability, data feeds, and proof of reserves.
Chainlink has formed a strategic partnership with BTguru, a Turkey-based virtual asset and crypto services company. Together they aim to accelerate institutional adoption of tokenized securities across the country.
According to a press release from Tuesday, BTguru will integrate several Chainlink services to achieve this goal. Key components include Chainlink’s proof-of-reserves technology, the Cross-Chain Interoperability Protocol (CCIP), and Chainlink Data Feeds.
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
To enhance its digital asset solutions, BTguru will adopt Chainlink’s infrastructure to provide stronger security and operational reliability for regulated Turkish financial firms.
The integration includes cross-chain interoperability and Chainlink’s proven oracle infrastructure, enabling regulated institutions to connect on-chain tokenized assets with off-chain systems and data sources.
A solution for institutional challenges
The partnership intends to address key obstacles faced by tokenized asset markets. By combining their capabilities, BTguru and Chainlink plan to close several gaps: seamless data connectivity, strengthened security, increased asset utility, improved interoperability, and dependable services for institutional users.
Can Bukulmez, managing partner at BTguru, said the collaboration will accelerate BTguru’s growth and expand the services it can offer to financial institutions.
“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 every step of the way,” he said.
The partnership focuses on delivering real-time solutions to emerging challenges in the digital asset market for banks and other financial institutions.
Participating banks and institutions will gain access to proof-of-reserves verifications, reliable price feeds, and net asset value data. Linking BTguru to Chainlink’s oracle network will enable synchronized, multi-chain asset data and robust off-chain connectivity.
David Fuchs, Head of Business Development for EMEA at Chainlink Labs, emphasized the partnership’s significance.
“Chainlink will enable BTguru not only to meet the strict compliance and security requirements for institutional-grade digital assets, but also to foster innovation and trust in the growing tokenized asset economy,” he said.
By combining Chainlink’s oracle and interoperability solutions with BTguru’s local market expertise, the partnership aims to provide Turkish institutions with a reliable, compliant path to deploy and interact with tokenized securities at scale.