Alvara Protocol Forges Strategic Partnership with Spirit Blockchain Capital Inc.

Alvara Protocol
2 min readMar 11, 2024

We are delighted to announce a strategic partnership with Spirit Blockchain Capital Inc.

Spirit, a Canadian-Swiss group operating in the blockchain and digital asset sectors, is driving future developments in Web3. With a firm belief in the potential of digital assets to revolutionize governance and restore faith in financial systems, Spirit is listed on the Canadian Securities Exchange (CSE) under the symbol SPIR.CN.

With a focus on creating value in a rapidly growing environment, Spirit provides investors with direct exposure to the blockchain and digital asset sectors, without the technical complexities associated with purchasing and holding underlying crypto assets. The company’s strategy is grounded in the belief that the blockchain and digital asset ecosystem will deliver significant growth and outperform traditional asset classes over the medium to long-term. This aligns perfectly with Alvara’s mission to redefine fund management and provide users with unprecedented access to diverse investment opportunities in the digital asset space.

The partnership between Spirit and Alvara will further unlock the potential of the ERC-7621 token standard, which introduces a novel approach to on-chain creation of multi-asset tokenized baskets. This standard enables the deployment of distinct Basket Tokens (BTS) capable of encompassing an infinite array of underlying ERC20 tokens. By leveraging this revolutionary standard, Alvara aims to transcend the boundaries of both the digital asset space and traditional finance, offering unmatched flexibility and potential for innovation in fund management.

The potential for scalability is undeniable, especially with the increasing focus on asset tokenization across the financial sphere. With the spotlight on digital asset spaces and traditional finance markets transitioning to the digital age, Alvara has a significant opportunity to shape the future of investing. With Spirit on board, this transition is becoming a reality and we’re very excited to begin this journey together.

About Alvara Protocol

The Alvara Protocol is a decentralized platform that utilizes the ERC-7621 (Basket Token Standard) to create and manage funds on the blockchain. Alvara offers a comprehensive fund Factory and Marketplace, with a transparent leaderboard showcasing the performance of every BTS created. ALVA and veALVA tokens assume crucial roles in driving the ecosystem’s growth and governance with veALVA holders wielding significant influence over the substantial ALVA reward stream. Removing traditional barriers, Alvara fosters a democratic meritocracy in crypto investing, enabling full lifecycle fund management, from creation to ownership transfer, within its seamless framework.

Website | Twitter | Telegram | Discord

--

--