- Zilliqa partners with Brillion to enhance real-world asset tokenization, bridging traditional finance and DeFi.
- Brillion’s WaaS platform to support Zilliqa’s enterprise-scale real-world asset tokenization and metaverse initiatives.
Zilliqa has announced a collaboration with Brillion to improve the tokenization of real-world assets, bringing traditional banking closer to the world of decentralized finance (DeFi).
This cooperation is expected to provide a secure and accessible solution for real-world assets, in line with Zilliqa’s aim of an easy-to-use blockchain, particularly with the impending Zilliqa 2.0.
Zilliqa has partnered with @BrillionFi to supercharge tokenised real-world assets!
This collaboration helps bridge traditional finance & #DeFi, delivering a secure and accessible real-world asset solution in line with our vision for an easy-to-use #blockchain with Zilliqa 2.0.… pic.twitter.com/i7QWOFdqyo
— Zilliqa (@zilliqa) July 25, 2024
Brillion, a multichain smart wallet, seeks to bridge the divide between traditional banking and DeFi. It provides a B2C wallet for retail investors as well as a B2B Wallet-as-a-Service (WaaS) platform with a full range of tools for blockchain protocols and decentralized applications (dApps).
Brillion’s B2B WaaS platform will serve as Zilliqa’s trusted wallet partner, with an initial focus on enabling network requirements for enterprise-scale real-world asset tokenization.
Exploring Metaverse and Early Adoption: Zilliqa and Brillion’s Strategic Alliance
Furthermore, this strategic alliance will look into how Brillion’s solutions might supplement metaverse projects developed within the Zilliqa ecosystem. The integration of Brillion’s technology into the Zilliqa network ensures that the ecosystem is ready for cutting-edge financial applications that use real-world assets.
Zilliqa participates in Brillion’s Early Adopter Program (EAP), which gives her early access to platform features and capabilities while also offering vital insights and comments. This allows Brillion to create a comprehensive platform customized to the demands of Layer-1 and Layer-2 networks, as well as dApps.
At the time of writing, Zilliqa’s native token, ZIL, was trading around $0.01609, down 3.64% over the last 24 hours. This performance is indicative of broader market dynamics influencing other cryptocurrencies.
Looking at Zilliqa’s competitors, CNF previously revealed that the NEAR Protocol’s daily active addresses achieved an all-time high, increasing by 42% in Q2 2024. Furthermore, the launch of TokenBridge, which connects the NEAR Protocol and Solana, improved blockchain interoperability.
Another well-known competitor, Avalanche, has joined with Folks Finance to improve cross-chain lending possibilities. These achievements emphasize the competitive environment in which Zilliqa works, as various blockchain platforms continue to innovate and expand their capabilities.