When utilizing the platform, BlockTower will securitize underlying real world assets by financing receivables or other debt securities, which will then be tokenized (via Centrifuge’s Tinlake protocol). The tokens will be held by a BlockTower special purpose vehicle, which will then use the tokens as collateral for a secured loan from the Maker DAO.

The Reed Smith team advising BlockTower was led by finance partner Trish O’Donnell and included corporate partner Lynwood Reinhardt, tax partner Ronald Scharnberg, and finance associates Mehrnaz Afshar, Sylvia Cherem, Kimberly Forde and Benjamin Antillon Fernandez. Additional support on this transaction was provided by finance partners Gerard Martin and Robert Scheininger, corporate partners Herb Kozlov, tax partner Robert Phillpott, finance associate Robert Stalzer, and corporate associates Brandon Dekema and Annie Schohl.