ASTRA will serve as a legal assurance layer for institutions wishing to harness the power of decentralised finance. The platform enables institutions to transact on all public blockchains, including Ethereum, Polkadot and Cardano, with confidence
We are proud to announce the launch of ASTRA, a new platform designed to support the adoption of decentralised finance (DeFi) among corporate institutions and enable an additional layer of security to the existing infrastructure of public blockchains.
The new ASTRA platform will utilise our innovative, globally patented protocol to provide a decentralised legal assurance layer for traditional financial institutions and existing members of the DeFi ecosystem wishing to harness the power of decentralised systems more safely.
By creating the infrastructure to protect all DeFi participants, ASTRA will allow the industry to meet its full potential, far exceeding the current limitations of centralised financial models and driving it towards its predicted trillion-dollar value.
The ASTRA platform has been designed to integrate with all public blockchains, enabling institutions to transact with trust and confidence on smart contract networks including Ethereum, Polkadot, Cardano and more.
The launch of ASTRA follows the appointment of former EU Trade Commissioner, Phil Hogan, to The Proof of Trust’s advisory board. Hogan brings with him a depth of experience, having been tasked with resolving the trade war with the USA and securing landmark trade deals with Japan and the Southern American Mercosur bloc. He will provide strategic guidance as the Company rolls out the new product to governments and institutions globally.
Phil Hogan said: “Decentralised finance is becoming increasingly prominent across the world, but the lack of robust, legal protection has hindered progress within major institutions. The Proof of Trust offers the first sustainable and scalable bridge to support the mass adoption of decentralised finance products in the real world. The new Astra platform will be instrumental in this endeavour as it provides a secure legal layer across public blockchains. Companies like The Proof of Trust are the future, and I’m very pleased to be a part of it.”
Sakhib Waseem, Chief Innovation Officer at The Proof of Trust, said: “Our goal is to stimulate the exponential growth we know the decentralised finance space is capable of by removing the barriers that stand in the way of traditional institutions participating in the ecosystem. We believe that ASTRA is the key to unlocking this growth, and we’re delighted to have Phil’s support as we deploy this solution to the market.”
The Astra platform will be powered by the $ASTR token, developed in association with IBM, which will launch on all major exchanges following a Token Generation Event in July 2021.