Private equity firm BridgeTower Capital announced in a press release on Wednesday that it has partnered with Securitize, a digital assets securities firm, and Chainlink to launch its offerings on the Avalanche blockchain. The firm said its BridgeTower Global Platform offering for Permissioned Markets and Staked Digital Asset Security (SDAS) will run in an Avalanche subnet. Chainlink’s Proof of Reserve service will be used for transparent, up-to-date asset auditing.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by less than 4% over the past 24 hours and is trading at $15.97 at press time.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.
AVAX has up by less than 1% of its value so far today and currently trades at $85.38 per coin.