Backed and Lisk partner to foster real-world asset adoption in emerging markets

Backed, a leader in the tokenization of real-world assets (RWAs), and Lisk, a Layer 2 blockchain focused on bringing Web3 adoption to emerging markets, announced a strategic partnership on July 24, 2024, in Zug, Switzerland.

This collaboration aims to accelerate the adoption of RWAs and enhance financial inclusion in emerging markets.

Collaboration to enhance RWA adoption

The partnership between Backed and Lisk brings together Backed’s expertise in RWA tokenization and Lisk’s robust blockchain ecosystem.

The collaboration is set to push RWA adoption across multiple applications, specifically targeting emerging economies where there is significant potential for economic growth and financial inclusion.

By integrating Backed’s RWA solutions with the Optimism Superchain, the partnership aims to improve accessibility and scalability for these markets.

Focus on emerging economies

The strategic partnership will focus on leveraging tokenization technology to expand financial opportunities and drive economic growth in emerging regions. Bernardo Quintao, Head of Business Development at Backed, expressed enthusiasm about the partnership:

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.

Support for innovation and development

To foster innovation, Backed’s ecosystem partners will gain access to Lisk’s incubator program. This initiative, known as the Lisk Blockchain Incubation Hub, supports African entrepreneurs in developing their blockchain solutions.

New projects building on Lisk that utilize Backed’s bTokens or tokenization infrastructure will be eligible for grants of up to 100,000 USD worth of LSK tokens.

Additionally, 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 at Lisk, highlighted the alignment of the partnership with their vision:

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.

Potential impact on financial inclusion

The strategic partnership between Backed and Lisk aims to harness the transformative potential of tokenization to foster financial inclusion and economic development in emerging markets.

By leveraging blockchain technology, the collaboration seeks to create new financial opportunities for individuals and businesses, helping to drive economic growth in these regions.

With combined efforts, Backed and Lisk are set to explore the integration of RWA solutions within the expanding Optimism Superchain network.

This integration is expected to enhance the scalability and accessibility of RWA applications, making it easier for individuals and businesses in emerging markets to benefit from these innovative financial solutions.

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