Brale and Chia collaboration brings the industry leading Brale stable coin infrastructure to drive production trading on the Chia Network platform
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Chia Network Inc. (Chia) today announced a strategic collaboration with Brale Inc. (Brale), that allows developers and institutions building applications on the Chia platform to issue Brale stablecoins, providing seamless fiat on and off ramps.
Launching a new tokenized asset market requires a reliable way to move money between the traditional finance world and the blockchain. This is best achieved by leveraging stablecoins, and the Brale infrastructure is allowing Chia’s customers to build new markets quickly and with minimal friction.
“Brale gives developers in the Chia ecosystem a single API to issue stablecoins and move money across supported blockchains and bank accounts,” said Ben Milne, founder and CEO of Brale.
The first coins are already in deployment and enabling the trading of real-world assets globally 24/7.
“We are excited with the possibilities that the Brale collaboration has opened for our customers,” said Vishal Kapoor, Chief Operating Officer of Chia Network. “Brale was a natural fit for Chia given their strong focus on regulatory compliance and security. Our customers have been extremely happy with the results of the collaboration with active trading enabled by Brale already underway.”
About Chia Network Inc.
Chia Network delivers software that enables enterprises to tokenize, custody and trade any asset, with auditable authenticity and provenance. Chia was created by Bram Cohen, the inventor of BitTorrent, and its underlying blockchain is open source and public. For additional details, visit www.chia.net.
About Brale
Brale provides infrastructure for building and operating regulated stablecoin programs. It combines licensing, banking rails, compliance, custody, and chain infrastructure into a single system so payments platforms, fintechs, financial institutions, and blockchain ecosystems can launch without assembling the stack themselves.
Contacts
Chia Network: Neil Hand, media@chia.net
Brale: Michael Stacy, media@brale.xyz