Share this article
BridgeTower Capital to On-Ramp Lido, Offers Security Token for Avalanche’s Staking Rewards
The announcements highlight BridgeTower's emphasis on regulatory compliance.
Updated May 9, 2023, 4:09 a.m. Published Mar 2, 2023, 5:56 a.m.
BridgeTower Capital, which operates more than 8,000 validator nodes running on 100% renewable energy, is deepening its roots in the crypto ecosystem through its focus on regulatory compliance.
On Wednesday, BridgeTower Capital announced its turnkey on-ramp that connects financial institutions to Lido’s staking infrastructure and a security token that allows institutional investors to participate in layer 1 blockchain Avalanche’s staking rewards.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Through BridgeTower’s regulated marketplace, institutional investors can complete their know-your-customer (KYC) process, have a delegated, whitelisted wallet, stake their ether straight into Lido’s system. BridgeTower’s integration with Lido’s ecosystem is fully automated and allows investors to take advantage of Lido’s staking infrastructure in ways that are consistent with regulatory standards.
The blockchain technology firm is also offering a security token, a new product that allows purchasers to receive rewards associated with Avalanche’s staked AVAX token. By collaborating with Securitize, a regulatory-compliant platform for issuing digital asset securities, BridgeTower is offering a security token that represents staked AVAX and sits on a regulated exchange.
When an institutional investor purchases a security token, BridgeTower delegates a wallet that receives Avalanche’s staking rewards to the institutional investor. “This is a way to get full access to a staked token through a security,” said Cory Pugh, CEO of BridgeTower Capital, in an interview with CoinDesk.
According to BridgeTower’s press release, “Rewards will be custodied on behalf of investors and, upon completion of the lock-up period, will be distributed to an investor wallet created by Circle.” Moreover, BridgeTower will use Chainlink’s Proof of Reserve service to monitor and verify the balance of an investor’s wallet and relay that information to their investment dashboard as on-chain proof.
To work through the Securities and Exchange Commission and ensure BridgeTower’s products met all regulations, BridgeTower’s legal department included their own in-house attorney, Securitize’s attorneys and an outside legal firm, according to Pugh.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
