Security company Brink’s recently participated in a $7 million funding round for Courtyard, a startup that creates NFTs for physical collectibles. It is now close to a year since Brink’s partnered with Courtyard to ensure the security of the physical asset storage.
Courtyard’s blockchain infrastructure allows physical collectibles to be traded as NFTs for greater liquidity. While Brink’s handles the safety of the real world asset in the vault, Courtyard provides digital proof of ownership and authenticity, along with an NFT with a custom 3D rendering of the asset. “By securing the physical items represented by NFTs on the blockchain, we create a bridge between offline and digital marketplaces, giving collectors reassurance that their high-value items are secure,” said Oliver Buckle-Wright, Brink’s Senior Commercial Director.
Brink’s partnership with Courtyard is closely associated with its strategy to provide physical security for digital assets. In May 2022, the company partnered with METACO, a digital asset custody startup for a similar purpose.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
