Backed and Lisk Partner to Boost Real-World Asset Adoption in Emerging Markets

Backed, a pioneer in the tokenization of real-world assets (RWAs), and Layer-2 blockchain Lisk, have entered into a strategic partnership aimed at accelerating RWA adoption and financial inclusion in emerging markets.

The partnership between the two entities will combine Backed's expertise in real-world asset tokenization and its extensive list of tokenized assets while leveraging Lisk's extensive blockchain ecosystem. 

The two companies will work together to push RWA adoption across multiple applications. With combined efforts, Backed and Lisk are specifically focused on emerging economies, where the potential for economic growth and financial inclusion is significant.

They will also look into the integration of Backed's RWA solutions with the Optimism Superchain, enhancing accessibility and scalability for emerging markets within this expanding network. The two companies will take advantage of this technology to expand financial opportunities and drive economic growth in these regions.

While commenting on this partnership, Bernardo Quintao, Head of Business Development at Backed, said,

"We are thrilled to partner with Lisk to expand access to RWAs and drive financial inclusion in emerging markets. Our on-chain RWAs and tokenization solutions, combined with Lisk's interoperable blockchain platform, create a powerful synergy to unlock new opportunities for individuals and businesses in these rapidly growing economies."

Thanks to this partnership, Backed's ecosystem partners will gain access to Lisk's incubator program, enabling the development of new projects on the Lisk platform. Lisk’s Blockchain Incubation Hub is an initiative supporting African entrepreneurs to take their blockchain solutions from 0 to 100. 

Furthermore, developers building on Lisk can leverage Backed's bTokens or tokenization infrastructure and will be eligible to apply for grants of up to 100,000 USD worth of LSK tokens. Also, Backed will offer priority tokenization services to clients building on Lisk's L2 solution, streamlining the process and lowering barriers to entry.

Erwan Mismaque, Head of On-Chain Finance, added that,

"This partnership aligns perfectly with our vision of democratizing access to financial services through blockchain technology. Backed's innovative approach to RWA tokenization, coupled with our focus on interoperability and Emerging Markets, will accelerate the adoption of blockchain-based solutions and empower individuals in regions with significant potential for growth."

Backed issues permissionless tokens that track the value of real-world assets and are fully collateralized by them, such as stocks or ETFs. Tokens are issued under an approved EU prospectus. Backed offers tokenization services to institutional clients, bridging the gap between TradFi and DeFi.

Meanwhile, Lisk is a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum. Known for offering some of the lowest transaction fees in the industry, Lisk is particularly appealing to users and developers in cost-sensitive regions.