Regtech done right: Stronghold USD + Stronghold’s new trading platform
Stronghold launches the first hybrid trading platform with a regulatory framework and decentralized settlement.
As a financial platform that works with banks, corporations and individual customers, Stronghold offers a safe, secure place to transact. To support that mission, we’ve released our new trading platform — the first to be built on distributed ledger technology with a regulatory framework.
We integrated compliance, monitoring and reporting requirements into our platform because regulatory technology is a core aspect of the financial ecosystem we’re building. We’re purposefully promoting trust and addressing limitations on other platforms so more people can do business with us.
Stronghold’s new platform allows 24/7 auditing because all transactions are stored in the blockchain, a fully transparent ledger. Our on-boarding process performs Know Your Customer (KYC) and anti-money laundering (AML) checks for anyone who wishes to buy, hold or sell Stronghold USD (USDS), the asset-backed U.S. dollar token that’s now publicly available on our platform.
And unlike some trading platforms that hold a wide array of tokens, we hold ourselves to a higher standard; before we’ll approve new digital assets, we use rigorous criteria to assess their worthiness. Similarly, when liquidity for a specific token falls below our threshold, we’ll remove it from our exchange to protect our customers against poor pricing.
We used customer feedback curated by our Happiness team to make significant changes to our platform’s interface; charts are now easier to read, and we’ve improved overall site performance.
Additionally, Stronghold now handles airdrops and Initial Coin Offerings (ICOs). Going forward, we’re able to list a variety of new digital assets, excluding financial products like stocks, bonds, and other types of securities.
Deposit Stronghold USD, earn bonus SHx tokens
We’re also excited to announce the release of Stronghold SHx, a utility token that’s used to pay for fees on the Stronghold platform. Customers holding SHx may use them to receive discounts on platform fees, premium support, and enterprise services.
On December 24, 2018, we released a fixed limit of 100,000,000,000 SHx tokens, distributing 100,000 SHx to each of our active customers. For a limited time, we’re now releasing more SHx tokens to customers who deposit USD in Stronghold accounts.
For each U.S. dollar deposited via a bank transfer (ACH, US wire or international wire), we’ll grant a bonus of 20 SHx tokens. Bonuses will be calculated based on your net Stronghold USD deposits on a monthly basis.
To celebrate the releases of both Stronghold USD and Stronghold SHx, we’re multiplying the U.S. dollar SHx token bonus by 1,000%. Until the end of the bonus period, you’ll be granted 200 SHx tokens for each U.S. dollar deposited via a bank transfer.
Today’s announcement is the latest step in building a fast, affordable and secure financial services platform that can serve anyone, anywhere, for any amount.
Open a Stronghold account today to reduce your risk and invest more wisely using trusted financial technology.
Stronghold Customer Happiness
If I deposit $100 USD and withdraw $30 USD in the same month, how much SHx will I receive?
Your net deposit for the month will be $100 — $30 = $70, so you will be granted 140 SHx (1,400 SHx during the limited-time offer).
Can I trade Stronghold USD and still receive get the bonus?
Yes, you may trade Stronghold USD without affecting your eligibility for the bonus tokens.
Can I withdraw USDS to the Stellar network?
Yes, only withdrawals to a bank account will reduce your SHx bonus eligibility.