As the cryptocurrency industry matures, pragmatism and common sense are slowly permeating the idealistic and chaotic realm of blockchain technology.

For years, entrepreneurs in the crypto space have claimed to reshape the financial system. While everyone focuses on grand ideas and innovative financial engineering, many crypto products and services remain off-limits for regulators.

When banks, over-the-counter trading desks, and institutional investors enter this field, they find that the infrastructure required for serious finance is either lacking or lacks compliance tools that allow them to fully participate.

Telegram and X may be the preferred communication channels for crypto natives, but institutions need more than one-off messages, constant phishing attempts, and the management of countless easily hackable addresses. JPMorgan was fined $200 million by regulators in 2021 for using these platforms and personal accounts, while scammers have adeptly exploited them for theft.

The Tie, a company providing institutional-grade digital asset data, is working to address the issue of secure crypto communication by integrating systems like Global Relay, which are already used for back-end compliance among financial participants.

"We've been so busy solving the huge pain points in the system that we sometimes forget the basics," said Josh Frank, CEO of The Tie. "Institutions can't choose whether to participate in compliance; they can't expect that the person they're talking to in a Telegram chat is really who they say they are. They have rules, they have record-keeping responsibilities, and existing crypto communication channels have never considered these requirements."

According to Frank, the new messaging solution Bridge meets all the needs of institutions looking to participate in the digital asset economy.

Melvin Deng, CEO of Singapore's QCP, told Cointelegraph, "Every regulated institution has a clear obligation—to know who they are dealing with, to keep records, and to ensure that communications are both compliant and auditable. These basic elements have long been missing in the crypto space. Platforms like Bridge restore that integrity. It brings the standards of institutional finance into a digital-native environment, where authentication and compliance record-keeping are not an afterthought but the default setting."

Starting with email domain verification, strict Know Your Business (KYB) rules, and verified identities to eliminate bad actors, Bridge aims to open B2B messaging for global industry participants.

Frank pointed out that managing multiple communication channels is a huge headache for compliance organizations. "You have 50 channels to contact each counterparty," he said, "and every time someone leaves your company, each one must be cleared and refilled. Each one is a potential liability, so we built a solution that allows centralized management of teams, including bulk reassigning channels and their histories from old team members directly to new ones."

The history includes automatic audits of transactions between counterparties. "The platform maintains a complete transaction log and includes verified and timestamped completion notifications, arrival confirmations—the entire process is designed for compliance," Frank said. "This persists at the organizational level, so individual user events are directly input into a master dataset that tracks all transactions."

He also noted that Bridge allows direct access to The Tie's data platform within the application, focusing on privacy and enabling users to use AI to search for contextual information. "Imagine you're heading to Singapore for Token2049. You can ask Bridge to load custodians, over-the-counter trading platforms, and major brokers that raised funds in Singapore over the past two years, with at least $10 million in total funding. Then you can message these parties directly within the app."

"You can also use AI to access real-time market sentiment or discover developer statistics—basically, all of our institutional-grade data is available."

Bridge is set to launch in early 2026 as a web and desktop application, as well as native iOS and Android applications, with Frank claiming that The Tie will offer the service for just $5 per user per month.

"This is designed to be a no-brainer choice," he said. "If you're operating in the crypto space, you need this, so the goal is not to set up more barriers. It's just to make this space safer, welcome new participants, and continue building the tools that will make it a pillar of the future global financial system."

Related: Bank of England Deputy Governor Breeden warns: Easing stablecoin regulation could jeopardize financial stability

Original article: “Bridge is a ‘compliant and user-friendly’ crypto communication tool”

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