Bayside Corp., a provider of cryptocurrency infrastructure, has announced that the first of the 24 cryptoasset ATMs the company purchased in an exclusive distributor agreement with Chain Bytes LLC are being prepped for installation in retail, dining and entertainment venues and will be ready to go live soon.

According to a press release, Bayside has reached an agreement with a global property management company to set up lease agreements to install machines at three properties on the East Coast of Florida, and anticipates the addition of more locations throughout the rest of the second quarter.

"We have eagerly awaited the arrival of the CTMs while we worked on finding and securing the best locations to place them," Justin Frankel, CEO of Bayside, said in the release. "The property management company we are partnering with on this initial deployment has a property portfolio of 107 malls and 68 premium outlets in the United States as well as a global presence. We look forward to providing businesses, consumers, and investors easy and secure access to the cryptoasset markets."