BKN 2.0 migration: from a tokenization utility to a native cross-chain asset for Agentic Capital Markets
BKN 1.0 was built to bring assets on-chain. BKN 2.0 is built for programmable capital, a market made possible by tokenization, one where assets, vaults, and authorized AI agents coordinate capital continuously and under compliance.
When BKN launched, the mandate was narrow and clear: build the infrastructure that lets companies bring assets on-chain. That work is in production. Brickken operates across 30+ countries with 150+ institutional and enterprise clients, spanning private credit, debt instruments, fund units, equity, and commodities, from issuance to secondary market distribution.
The market has moved since 2021, and so has Brickken. We are no longer only an issuance platform. We are the infrastructure layer for what we call Agentic Capital Markets: a market where tokenized assets describe themselves to machines, vaults expose their mandates, and AI agents act on behalf of issuers, funds, and family offices under defined, accountable permissions.
BKN 1.0 was never designed to support that layer. BKN 2.0 is.
This is not just a contract upgrade, it is the alignment of the asset with the infrastructure now being built on top of it.
What BKN 2.0 is built for
Three capabilities define the next phase, and each requires foundations BKN 1.0 did not have.
Cross-chain capital with Chainlink CCIP: Institutional capital does not sit on one network, capital needs to flow effortlessly wherever its required.
This is why BKN 2.0 will have be natively cross-chain. Thanks to Chainlink CCIP, assets, liquidity, and instructions move securely across chains.
BKN 2.0 is built to operate across all of them rather than to commit to one.
Authorized AI agents: AI agents cannot transact through bank accounts. They require programmable assets, machine-to-machine settlement, and the ability to move value across chains and applications without a human in every step. RAMS, published as the ERC-8226 Regulated Agent Mandate, is the standard that identifies an agent and defines what it is permitted to do, on whose behalf, and with what accountability.
BKN 2.0 positions BKN as a native asset inside that authorized flow.
Intelligent vaults: The next generation of capital formation runs through vaults that evaluate opportunities and rebalance continuously, not static products that sit idle between quarters.
BKN 2.0 provides the foundation BKN needs to participate as those vaults come online.
Why restore supply to 150 million
The original BKN supply cap, published in the September 2021 whitepaper, was 150 million. Circulating supply today is approximately 143 million. The migration restores the cap to its original published figure.
The additional 7 million are not being sold. They are allocated to network growth: staking rewards, participation incentives, and long-term adoption of the infrastructure. The objective is to fund the build-out of the network, not to monetize it in the short term.
We want to be precise about what this does and does not mean for holders. A migration does not create value on its own, and we will not claim otherwise. Value follows utility, utility follows adoption, adoption follows products that institutions and their clients actually use.
BKN 2.0 is the foundation layer those products are built on: cross-chain coordination, RAMS, vaults, and agent-driven allocation. The migration is the groundwork. The products and the adoption that follow are where the opportunity sits.
The backbone of the next generation of financial services.
BKN 1.0 helped build tokenization. BKN 2.0 is built for what tokenization made possible: programmable capital, authorized AI agents, cross-chain settlement, and Agentic Capital Markets.
Check all the migration details in the official migration guide here