Bering Waters OTC Desk announces partnership with Shyft Network

By Pavithra R

Bering Waters OTC Desk has announced partnering with Shyft Network, a credentials verification platform that authenticates sender identities and unlocks new economies of trust, to enable institutional investors to take a stake in an inter-operable financial system, a future that includes both centralized banking and the Decentralized Finance (DeFi) sector.

Following Shyft Network’s recent mainnet launch, investors looking to back foundational fintech and crypto infrastructure projects find particular interest in the company. To meet the increasing investors’ demand and align with strategic long-term partners, Bering Waters OTC Desk has set up a specialized OTC desk for SHFT tokens.

“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,” said Ewelina Leszczak, Founder and CEO of Bering Waters OTC Desk.

With several of the largest DeFi platforms approaching the size of midsize banks, major FIs, corporates, and ultra-high-net-worth individuals are increasingly looking to leverage many of the competitive advantages these decentralized protocols have to offer. However, for this transition and maturation to occur, an effective trust solution is required that bridges the gap between the centralized and decentralized worlds, giving individuals a secure means to exchange data with trusted parties.

Founded in 2017, Shyft is building a blockchain-based ecosystem that allows for the secure and private sharing of data for industries, governments, and consumers. Shyft’s ecosystem helps to streamline and reduce the amount of individual records that need to be collected while allowing for data monetization and the secure transfer of verified, encrypted attested data.

Shyft Network enables the secure exchange of validation, identity verification, and attestation data between individuals and trust organizations, giving institutions a breakthrough way to overcome the complexities of multi-jurisdictional compliance, and robust privacy guarantees underpinned by blockchain technology. With its solution, national and international identity schemes can be established, facilitating the entrance of traditional finance to the digital asset economy.

With years of experience in trading high-volume institutional interest in top-tier tokens, Bering Waters OTC Desk is well positioned to seamlessly manage investors’ interest in acquiring SHFT tokens.