Key Points:
Financial institutions will have secure access to the Lido staking infrastructure, powered by Lido Finance software, the industry-leading liquid staking protocol, thanks to access offered by BridgeTower Capital via the BridgeTower Market. BridgeTower has teamed up with several of the top global industry leaders and leading blockchain technologies to bring this to market.
A growing market group that wants access to digital goods and services but also needs more protection and reassurance is one that BridgeTower is working with.
Due to BridgeTower’s dedication to security, compliance, and better preserving the environment by highlighting its Environment, Social, and Governance (ESG) approach, it is projected that the solutions will be appealing to financial institutions.
With more than $9 billion put into its smart contract system, Lido is the most popular Liquid Staking platform. BridgeTower Capital has been running top-notch, ESG-compliant Lido Validator Nodes for the Ethereum blockchain for two years.
BridgeTower Capital said that it has a turnkey onramp that links financial institutions to Lido’s staking infrastructure and a security token that enables institutional investors can partake in the staking rewards of layer 1 blockchain Technology.
By generating a SecuritizeID to confirm identification in accordance with regulatory norms for managing KYC/KYB requirements, investors may enter the recently opened BridgeTower Market and obtain access to this and other products. Cory Pugh, CEO of BridgeTower Capital, said in a statement:
“This fits our mission to deliver highly sophisticated products and services to build out the Web3 economy. Lido’s staking tokens are among the most liquid and integrated tokens in the market.”
According to the CEO, BridgeTower’s legal department includes an in-house attorney, attorneys from Securitize, and an outside legal firm to work with the SEC and make sure the company’s products comply with all laws.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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Miami, Florida, 13th November 2024, Chainwire
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