Bridge Mutual partners with AllianceBlock 

AllianceBlock is building a globally compliant decentralized capital market. Its protocol is a “decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product..."

Decentralized, P2P discretionary coverage platform Bridge Mutual has launched a partnership with AllianceBlock, a blockchain-agnostic layer 2 protocol that bridges traditional finance and DeFi. Bridge Mutual and AllianceBlock say they “will provide traditional investors with a compliant bridge to DeFi protected by decentralized coverage.”

AllianceBlock plans to integrate Bridge Mutual into its P2P lending platform to start providing coverage to lenders and investors. Bridge Mutual aims to leverage AllianceBlock’s innovative multi-pair liquidity mining platform to offer BMI token holders instant liquidity via staking, “with high APY rewards for a range of pairs,” the companies announced in a press release. Bridge Mutual also “intends to monetize its platform” through the AllianceBlock Data Tunnel.

“Partnering up with quality projects like AllianceBlock that already have meaningful real-world collaborations, including the London Stock Exchange, is one of the primary ways we’ll accomplish making crypto mainstream. We’re excited to change the world with AllianceBlock by opening up a direct channel for consumers in the AllianceBlock capital market to provide and purchase discretionary coverage through either of our platforms,” said Bridge Mutual CEO Mike Miglio in a statement. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies. We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value,” said AllianceBlock CEO Rachid Ajaja.

Bridge Mutual says it mitigates the risk of loss of funds resulting from hacked or exploited smart contracts, exchange hacks or theft, price crashes in stablecoins, and other digital asset vulnerabilities by creating a platform that allows users to provide and purchase discretionary coverage. Bridge Mutual had a successful TGE last month and its BMI token is demonstrating impressive growth since the launch.

AllianceBlock is building a globally compliant decentralized capital market. Its protocol is a “decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.” The company was incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich. Led by a team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is “on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.”

Related News

Leave Comment