Tokenization platform Brickken integrated the decentralized lending protocol Credefi to create a peer-to-peer lending system.
Summary
- Brickken integrates Credefi for decentralized lending
- The new lending system will be peer-to-peer
- RWAs will serve as the backing for loans
Real-world assets are rapidly expanding the potential in DeFi, including for decentralized lending. On Monday, July 28, the tokenization platform Brickken integrated with the DeFi lender Credefi to create permissionless, peer-to-peer lending.
Brickken’s lending platform will use the RWAs issued on its platform as loan collateral for lending. Users will be able to put up these RWAs as collateral on Credefi’s DeFi platform, set their own loan terms, including interest rates and duration.
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According to Edwin Mata, CEO of Brickken, this approach leverages DeFi to give RWAs a real use case, beyond just holding and trading. What is more, the loans will be fully non-custodial, without banking intermediaries.You might also like: Exclusive: Blocksquare’s new interface boosts RWA experience
DeFi is unlocking RWA potential: Brickken
Brickken explained that this initiative is part of its broader effort to grow the RWA ecosystem. Specifically, its focus is on bringing in liquidity through DeFi, which has so far been lacking. For instance, for DeFi issuers, this approach enables them to bring their assets to the market.
“Thanks to Credefi, we’re adding a critical piece to the RWA puzzle: the DeFi layer. While issuance and compliance have matured significantly, DeFi now brings the liquidity layer that real-world assets need to scale. With all three pillars, issuance, compliance, and DeFi finally aligned, the next wave of tokenized asset adoption is ready to take off,” Brickken CRO Ludovico Rossi.
