Squire Patton Boggs, one of the world's leading full-service legal firms to provide cross-border compliance advice and incident response, has announced a new partnership with the internationally patented ASTRA protocol to ensure security and compliance for organizations decentralized financial ecosystem (DeFi).
Who are the two companies
Squire Patton Boggs has sales offices in 20 different countries on four continents. The firm's international legal practice is in key markets where clients regularly conduct high volumes of business, focusing on the digital assets industry.
Their ecosystem also includes strategic working relationships with independent companies operating in the European and Latin American markets. Their broad practice and industry expertise are shared across one of the most advanced technology platforms in the legal industry along with a continuing rotation of legal professionals in their offices around the world. Additionally, the company applies industry knowledge and project management tools to implement regular business process improvements and improve the overall value of its legal services.
The Astra protocol, a state-of-the-art legal and compliance layer that offers unparalleled assurance to public blockchains, is pleased to confirm that it is working in partnership with Squire Patton Boggs, who will accept ASTRA as the first DeFi payment method.
Leverage the decentralized level of assurance on public blockchains
Although current blockchain and cryptocurrency companies have created challenges for regulators around the world, the Astra protocol offers a decentralized level of assurance on public blockchains to support the exponential growth of DeFi.
Astra's assurance level is able to connect to an existing DeFi platform to ensure funds arrive at their intended destination, via its internationally patented technology. The protocol was designed to prevent unsafe or invalid smart contracts from running. If a transaction turns out to be fraudulent or if the funds end up in the wrong crypto wallet address, Astra is able to resolve the dispute and restore the funds immediately, also following the applicable regulatory guidelines.
The words of those directly involved
Joe Crowley, Senior Policy Advisor at Squire Patton Boggs, is also an American politician who served as the United States Representative from New York's 14th Congressional District from 1999 to 2019, said, “We are delighted to partner with the protocol team. ASTRA and we look forward to working with their colleagues around the world ”.
Crowley added, “ASTRA is the leading compliance protocol business within the DeFi industry that is able to provide assurance to regulatory agencies and individual customers, which in turn will help build confidence in DeFi's legitimacy. as a global industry ".
Sakhib Waseem, ASTRA Protocol Chief Innovation Officer said, “We are extremely pleased with our partnership with Squire Patton Boggs and look forward to working with Congressman Crowley and his organization. As we at the ASTRA protocol define the next generation of decentralized global compliance framework across the DeFi industry, it is important to have key partners who understand the needs of the crypto community and are in tune with the latest changes in the regulatory space. "
“Squire Patton Boggs has a large presence in the US and internationally, this partnership is another claim that we have the latest understanding of regulatory improvements around the world and can provide an industry leading standard to our customers and clients. Sakhib added.