Quadrata Joins Avalanche Evergreen Subnet, ‘Spruce’, as their Web3 Identity Solution
Our team at Quadrata is excited to announce our Web3 Identity Solution has been integrated with the AVAX Spruce Subnet. At Quadrata, we provide on-chain privacy-preserving identity solutions that bring compliance and reputation to public blockchains. Our passport network provides identity verification for users, offering an imperative measure of safety and security.
“The Spruce Testnet will enable buy- and sell-side institutions to engage with public blockchain infrastructure in a low-risk, low-barrier-to-entry manner. Using valueless tokens allows institutional participants to experience the full functionality of Avalanche’s Subnet architecture without putting capital at risk.” — Spruce, In their recent press release.
Spruce will address issues within the permissioned DeFi space such as concerns over regulatory compliance and security risks, while also encouraging the adoption of public blockchain infrastructure by broader institutions.
How does the Quadrata Passport Support this new Testnet?
Spruce DApps & customers are onboarded via Quadrata and will be issued Quadrata Passport, a non-transferable token allowing them to freely operate within the network.
“Institutional DeFi adoption remains an untapped market, and a necessary addition for Blockchain Technology to become mainstream. We’re proud to be the chosen partner of Spruce to provide a native Web3 Identity solution offering a safe environment for all of their customers.” — Fabrice Cheng, Founder/CEO, Quadrata.
As we step into the future of DeFi, it is crucial to have platforms like Spruce that can develop infrastructure for financial institutions wanting to enter into this evolving space.
The Quadrata team looks forward to providing the Identity Solution necessary to allow these same institutions to utilize this growing technology and benefit from the Spruce subnet.
Want more information on how you can take advantage of Quadrata for your Spruce Dapp?
Then schedule a free demo with one of our identity specialists!
