Backed Collaborates with Lisk to Encourage RWA Adoption in Developing Markets

Tokenization protocol for government bonds classified as Real World Assets (RWA) Backed formed a strategic alliance with the Ethereum Layer 2 ecosystem Lisk This partnership is designed to enhance the adoption of RWA and promote financial inclusivity in growing markets.

Lisk serves as a Layer 2 blockchain that employs innovative and efficient technology to facilitate real-world applications in developing markets, allowing effective operations on Ethereum. Additionally, its inclusion in the Optimism Superchain enhances interoperability with other blockchain frameworks.

"Backed is truly enthusiastic about the transformative potential of Lisk’s grant initiative to fuel real innovation in emerging markets,\" commented David Henderson, Backed's Marketing Director, during an interview with Cryptocurrencylistings. \"By offering access to both funding and our tokenization know-how, we believe we can empower local entities to create blockchain solutions that directly meet the specific financial requirements of their communities,\" he further noted.

The partnership intends to merge Backed’s specialized knowledge in RWA tokenization and its variety of tokenized assets with Lisk's blockchain infrastructure. This joint endeavor seeks to advance the adoption of RWA through diverse applications, particularly in developing economies where financial growth and inclusivity are essential. Lisk Moreover, the two companies will investigate ways to integrate Backed’s RWA solutions with Lisk's capabilities to enhance accessibility and scalability for developing markets. In addition, understanding the potential of tokenization, Backed and Lisk aim to harness this technology to broaden financial opportunities and stimulate economic development.

Backed Provides Its Ecosystem Partners Access to Lisk’s Incubator Program Optimism Superchain To encourage innovation, Backed’s partners within the ecosystem will be granted access to Lisk’s incubator program, which is dedicated to nurturing new projects on the Lisk platform. The Blockchain Incubation Hub initiated by Lisk aims to assist African entrepreneurs in advancing their blockchain solutions. Projects that are developed on Lisk and utilize Backed’s bTokens or tokenization resources will have the chance to apply for grants up to $100,000 in LSK tokens. In addition, Backed will prioritize its tokenization services for clients utilizing the Lisk Layer 2 environment, simplifying processes and lowering entry barriers.

Backed facilitates the integration of Real World Assets (RWAs) on the blockchain via permissionless tokens. These tokens are structured to monitor the value of traditional assets, such as stocks or exchange-traded funds (ETFs), and are entirely backed by them. They are issued in accordance with an approved prospectus by the European Union. Furthermore, Backed provides tokenization services tailored for institutional clients, efficiently bridging the traditional finance (TradFi) and decentralized finance (DeFi) sectors.

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Alisa, a committed journalist at Cryptocurrencylistings, specializes in cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. With a sharp focus on emerging trends and technologies, she offers extensive coverage to educate and engage readers navigating the ever-changing landscape of digital finance. RWA Stacks Asia DLT Foundation Expands Operations to ADGM to Accelerate Bitcoin Layer 2 Developments in the Middle East and Asia