Bit Digital to Bridge TradFi and DeFi at EthCC Mixer

The 'TradFi Meets DeFi Mixer' in Brussels is set to be a key event for discussing the intersection of traditional finance and decentralized finance (DeFi). Hosted as part of this week's EthCC conference, Bitcoin miner and AI infrastructure provider Bit Digital is leading the initiative to bridge the gap between these two financial worlds. The event at Bozar Rooftop is designed to bring together industry leaders, investors, and the Ethereum community to explore how the convergence of TradFi and DeFi can create a more resilient financial ecosystem.

Bit Digital's CEO, Sam Tabar, emphasized the company's commitment to supporting the Ethereum ecosystem. He noted that the event will highlight Bit Digital's unique position in capital markets as a bridge between traditional and decentralized finance.

The mixer will include a panel discussion on ‘Integrating TradFi and DeFi,’ featuring Sam Tabar, Everstake's Head of Staking Alina Tielnova, and Ozan Polat, Partner at Dialectic, with Gianina “Gigi” Skarlett, partner at MatterblockVC and creator of Rug Radio, as the moderator. The panel will delve into how Bit Digital, as one of the largest holders of Ethereum among Nasdaq-listed companies, is enhancing its business model through Ethereum staking. The discussion will also explore how staking can serve as a bridge between traditional and decentralized finance.

Bit Digital, a publicly traded company, recently expanded its Ethereum holdings by using profits from its 40,000 Bitcoin miners to acquire over $100 million worth of ETH. “We stake the Ethereum we acquire,” Tabar explained, highlighting that traditional capital markets lack access to ETH staking. He likened Bit Digital’s strategy to that of Microstrategy with Bitcoin, positioning the company as a leveraged play on Ethereum.

Tabar also noted that the expected approval of U.S. spot Ethereum ETFs could have a significant impact, similar to that of spot Bitcoin ETFs earlier this year. While staking as a service remains restricted in the U.S., publicly listed companies like Bit Digital can stake for themselves. “We’re the only publicly listed company doing this,” Tabar added.

Additionally, the event will touch on Bit Digital’s commitment to sustainability, with most of its mining operations powered by carbon-free geothermal energy. The company will discuss how this sustainable approach benefits both its operations and the broader DeFi ecosystem. Everstake will also present its integration of DeFi technologies, including liquid staking.

Tabar emphasized the importance of engaging not just with institutions, but also with the Ethereum community, stating, “I want to make sure developers understand the problem we’re solving for capital markets.”

Source : https://decrypt.co/238835/bit-digital-to-bridge-tradfi-and-defi-at-ethcc-mixer