Institutional investors to gain access to investment in the Defi sector of the digit assets industry through Shyft Network, and Bering Waters OTC Desk partnership.
Hong Kong, China based Bering Waters OTC (Over-The-Counter Trading) Desk, Bering waters, on Thursday, the 15th of July, announced that it had partnered with public blockchain protocol, Shyft Network. The purpose of the new collaboration is intended to allow institutional investors access to the Defi sector of digital assets.
Shyft network – which recently launched it’s mainnet – is a key strategic partner in Bering Waters’ effort to expose institutional investors to the burgeoning cryptocurrency industry. This is due to the network’s innovative global trust layer, set up for both individual digital asset investors and institutions.
In order to keep up with investor demand, and maintain camaraderie with its long standing strategic partnerships, Bering Waters – which facilitates high volume trading in digital assets for private clients – has established a specialized OTC desk for the Shyft network’s native digital currency $SHFT.
“The launch of the Shyft Network is a significant step forward, in which financial institutions and DeFi businesses can work profitably together; we are part of this innovative solution, allowing savvy investors the opportunity to invest in that future right now,” – Ewelina Leszczak, Founder and CEO of Bering Waters OTC Desk.
The two organizations striking up an accord comes on the back of a bumper year for the Defi sector, which saw the sector’s TVL (Total Value Locked) grow from $2 billion, to over $50 billion, since last July. With some of the biggest Defi protocols growing to rival traditional banks, in terms of value, the sector has begun to attract attention from a more sophisticated crop of investors; corporates, institutions, high-net-worth individuals.
This how the Shyft Network fits into the equation, the platform’s patent trust solution bridges the gap between the traditional financial realm and decentralized value. Shyft, which enjoys the support of Blocktower, Maven 11, CoinFund, Spartan Group, and Bitfury, accomplishes this by enabling the secure exchange and validation of identity verification and attestation data.
Through blockchain technology, Shyft takes care of some of the complexities of multi-jurisdictional compliance. Barring Waters, due to years of facilitating high volume trading in top-tier digital assets for clients, is uniquely positioned to enable investors access to $SHFT tokens.