Chia Network, a blockchain platform for enterprise asset tokenization, has partnered with Brale, a provider of regulated stablecoin infrastructure. The collaboration will allow developers and institutions building on Chia to issue Brale stablecoins and use fiat on- and off-ramps.
Brale provides a single API that allows developers to issue stablecoins and transfer funds across supported blockchains and bank accounts. This infrastructure is designed to help businesses launch tokenized asset markets with fewer technical and operational barriers.
Know when your
coins move
The first stablecoins are already being deployed on the Chia ecosystem. They will support global trading of real-world assets around the clock. Chia said that transactions using Brale’s infrastructure are already underway.
Chia Network develops blockchain software for tokenizing, holding, and trading assets. Its public blockchain is open source and was created by Bram Cohen, the founder of BitTorrent. Brale provides the infrastructure needed to launch regulated stablecoin programs, including licensing, banking services, compliance, and custody.
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