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By 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.On Wednesday, BridgeTower Capital unveiled a security token that enables institutional investors can take part in layer 1 blockchain Avalanche&#39;s staking incentives as well as a turnkey onramp that links financial institutions to Lido&#39;s staking infrastructure.Institutional investors may complete their know-your-customer procedure, have a delegated, whitelisted wallet, and stake their ether (ETH) directly into Lido&#39;s system via BridgeTower&#39;s regulated marketplace. Fully automated BridgeTower integration with Lido&#39;s ecosystem enables investors to use Lido&#39;s staking infrastructure in ways compliant with legal requirements.The blockchain technology company is also selling security tokens, a brand-new item that enables buyers to get benefits connected to Avalanche&#39;s staked AVAX token. BridgeTower is providing a security token that reflects staked AVAX and is listed on a regulated exchange by working with Securitize, a platform that complies with regulations for issuing digital asset securities.When an institutional investor buys a security token, BridgeTower assigns the investor a wallet that will receive staking payments from Avalanche. In an interview with CoinDesk, Cory Pugh, CEO of BridgeTower Capital, said: &#34;This is a means to acquire complete access to a staked token via a security.In line with the press release from BridgeTower, &#34;Rewards will be custodied on behalf of investors and, following conclusion of the lock-up period, will be delivered to an investor wallet established by Circle.&#34; Moreover, BridgeTower will monitor and confirm an investor&#39;s wallet balance using Chainlink&#39;s Proof of Reserve service before relaying that information to their investment dashboard as on-chain verification.According to Pugh, BridgeTower&#39;s legal department includes an in-house attorney, lawyers from Securitize, and an outside legal firm to work with the SEC and make sure the company&#39;s products complied with all laws.

BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanche’s Staking Rewards

ItsBitcoinWorld

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