Squire Patton Boggs, a global leader in full-service legal companies that guarantees incident response and compliance across borders, has partnered with the ASTRA Protocol to give compliance confidence to the DeFi ecosystem. Squire Patton Boggs, has business in over 20 nations on four continents. Their global law practice is in markets where clients carry out their business, paying attention to the digital assets sector.
The company has a working ecosystem with independent companies working in Latin America and European Markets. Their extensive practice and industry experience have moved towards a very advanced technology platform in the legal industry, including rotation of legal professionals in their offices worldwide. In addition, the firm uses industry knowledge and project management tools to implement business processes and improve the value of its legal services.
Astra Protocol is set to bring assurance to the public blockchains and has confirmed its partnership with Squire Patton Boggs and will accept ASTRA as its first DeFi payment method.
Leveraging Decentralized Assurance Layer on Public Blockchains
The emergence of crypto and blockchain firms have created challenges for regulating bodies across the globe. Astra Protocol promises to offer protection on public blockchains to support the growth of DeFi.
Astra’s protection promise is to plug into an existing DeFi platform and ensure that funds reach their destination using their internationally patented technology.
The protocol is made to prevent invalid smart contracts from executing. In case a transaction turns out to be fraudulent, or the money goes to the wrong address, Astra is Responsible for resolving disputes and returning the funds immediately while following any applicable regulatory guidelines.
Joe Crowley, an American politician and Senior Policy Advisor at Squire Patton, said:
We are pleased to partner with the ASTRA Protocol team and are looking forward to working with their colleagues around the globe”.
Crowley also added,
ASTRA is the preeminent compliance protocol business within the DeFi industry that can give assurance to regulatory agencies as well as individual clients, which in turn will help boost confidence in DeFi’s legitimacy as a global industry”.
Chief Innovation Officer at ASTRA Protocol, Sakhib Waseem, said,
We are extremely pleased with our partnership with Squire Patton Boggs and look forward to working with Congressman Crowley and his organisation. As we at the ASTRA Protocol define the next generation of decentralised global compliance structure across the DeFi industry, it is important to have key partners who understand the needs of both the crypto community and are in tune with the latest changes in the regulatory space”.
Sakhib also added,
Squire Patton Boggs have a great presence across the US, and internationally; this partnership is another affirmation we have the latest understanding of regulatory enhancements around the world and can provide an industry-leading standard to our customers and clients”.