With its emphasis on regulatory compliance, BridgeTower Capital, which runs more than 8,000 validator nodes using only 100% renewable energy, is strengthening its ties to the cryptocurrency industry.
BridgeTower Capital Announces a New Security Token as well as Partnership with Lido
Yesterday, BridgeTower announced a security token that enables institutional investors to take part in layer 1 blockchain Avalanche‘s staking incentives as well as a turnkey onramp that links financial institutions to Lido‘s staking infrastructure.
Institutional investors can finish their know-your-customer procedures through BridgeTower’s regulated marketplace, get a delegated, whitelisted wallet, and stake their ether directly into Lido‘s system. Fully automated BridgeTower integration with the protocol’s ecosystem enables investors to use the protocol’s staking infrastructure in ways compliant with legal requirements.
About New Security Token
The blockchain technology company is also offering security tokens, a brand-new item that enables buyers to get benefits from Avalanche’s staked AVAX token. BridgeTower is supplying a security token that symbolizes staked AVAX and resides on a regulated exchange through a partnership with Securitize, a platform for generating digital asset securities that comply with regulatory requirements. In addition, the company will leverage Chainlink’s Proof of Reserve service to track and confirm each investor’s wallet balance and to report that data to their investment dashboard as on-chain proof.
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