Highlights:
- Regulatory Momentum: Turkey’s clearer crypto regulations boost blockchain innovation, especially in asset tokenization, where Nexera is a key player.
- Crypto Adoption: Turkey’s high inflation and young, tech-savvy population make it a prime market for crypto, with Nexera seeing strong growth potential.
- Nexera’s Innovation: Nexera Infrastructure simplifies blockchain integration for businesses, focusing on tokenization and real-world assets.
- Promising Future: Turkey’s broad interest in blockchain indicates a bright future, with Nexera driving RWA tokenization and other initiatives.
The past two weeks were nothing short of an adventure for Nexera and our network builder, Evergon! Hassan Tariq, Vice President at Evergon, visited Turkey and attended the Istanbul Blockchain Week. Evergon, leveraging Nexera’s innovative ERC-7208 standard for its Token Market Infrastructure (TMI) platform, showcased the power and versatility of our ecosystem.
As blockchain technologies become more prominent in nations like Turkey, Nexera is at the forefront, harnessing our network’s capabilities to drive innovation. Real-world assets (RWAs) and tokenization were big topics at this year’s event, areas in which Nexera is a substantial contributor. Our involvement in these discussions highlights our commitment to advancing the web3 space, particularly in asset tokenization.
Here is further insight into the event, looking deeper into what’s happening in the Turkish ecosystem and what to watch out for.
Regulatory Momentum Sets the Stage
The rising clarity around crypto regulation has created a supportive environment for the innovation and adoption of blockchain technology. From our conversations, it’s clear that tokenization is on the table — a critical focus for Nexera as we help shape the future of digital assets. It’s only a matter of time before we see the first regulations and products released into the market.
Our team engaged with exceptional teams from banks, financial institutions, core banking technology providers, and government advisors. These entities are either interested in leveraging blockchain technology or are actively building with it for asset tokenization and RWAs. We also connected with projects actively taking advantage of tokenization in their practices. On the stage and the floor, our conversations validate our strategic direction at Nexera network and through our specific focus on token infrastructure.
Given the strong interest and Turkey’s progressive stance, we anticipate the country will soon approve regulations around RWA tokenization. This, in turn, will only encourage more projects and individuals to get involved with tokenization and the broader blockchain and its technologies.
Fertile Ground for Crypto Adoption
With year-over-year inflation in Turkey reaching up to 67%, half of the population under 30, and digitally savvy, the conditions for local crypto adoption are ideal. Nexera recognizes this unique opportunity and is already seeing impressive projects emerge from the country. Some standout examples include Misyon Bank, birAPI and Goldframer, alongside established blue-chip web3 names securing licenses to operate in Turkey.
Nexera is excited about Turkey’s potential as a high-growth market over the coming years. The Turkish government’s supportive stance, including minimal taxation on crypto transactions, further enhances this environment, ensuring fairness and cultivating innovation. This also ensures that all industries contribute to taxes in the country while being fair to those involved.
Encompassing The Wider Vision
Evergon’s innovation within the Nexera Network continues to bridge traditional business and finance with blockchain technology. The Evergon platform, powered by the ERC-7208 standard, offers a seamless zero-code and plug-and-play setup that empowers companies to leverage blockchain technology effortlessly and APIs and SDKs for institutions and builders.
Tokenization and RWA are just one aspect of this ongoing tale. This infrastructure, centered around the $NXRA token, provides substantial utility as part of all transaction fees for every market deployed will go to $NXRA. This further opens new possibilities for tokenization and RWA integration and solidifies our position in the market as an ecosystem at the forefront of embracing this technological advancement.
A Promising Future For Turkey
This widespread interest and involvement across sectors is a testament to blockchain technology’s growing acceptance and potential in Turkey. Nexera is committed to working across these industries to push the possibilities of blockchain and RWA tokenization.
We are excited to share some tokenization projects we’re partnering with in Turkey as they become public!
If you attended this year’s event, we hope you had a great experience. Our team is looking forward to future Istanbul Blockchain Weeks.
Çok Tessekular Istanbul for hosting Evergon and Nexera!
About Nexera
Nexera is empowering the future of finance with cutting-edge open-source innovation. Nexera infrastructure seamlessly incorporates blockchain technology, facilitating on-chain and off-chain operations for simplified digital, financial, and real-world asset management.
Nexera is focused on nurturing the broader ecosystem and DAO and enhancing the utility of the $NXRA token. It is committed to promoting community growth and driving innovation in the digital asset space, including the growth and development of current and future key ecosystem partners.
Learn more about Nexera by following them on X, joining the Telegram Community, or visiting their website.
