Blockstream revealed the coming release of its new Liquid Securities platform, a user-friendly solution for businesses issuing security tokens on the Liquid Network. The Liquid Securities platform marks the first Liquid-based product to be launched by Blockstream, and a major step in commercializing the fast-growing inter-exchange settlement network.
Issuers can use the Liquid Securities platform to handle issuance and token management or can opt to use full-service issuance platforms integrated with the Liquid Securities API for additional compliance and legal services.
“Businesses around the world are racing to take advantage of the tokenization of securities,” said Samson Mow, CSO of Blockstream. “Unfortunately, blockchain platforms like Ethereum are failing them due to issues with scaling, privacy, and reliability. Liquid was built to address these issues. Now, with the launch of Liquid Securities, businesses can quickly issue Liquid-based security tokens with the click of a button, and establish sophisticated rulesets to conform with their regulatory requirements with no engineering experience required.”
The Liquid Securities platform is initially launching with a limited set of partners, who are pioneering many new tokenized securities use-cases on Liquid:
- BnkToTheFuture: the highly successful online investment platform plans to issue tokenized equity in the largest companies in crypto on Liquid.
- TokenSoft: a multi-blockchain issuance platform is integrating with the Liquid Securities API to provide Liquid-based issuance tools to its users.
- Zenus Bank: an innovative new American bank that allows individuals and companies worldwide to open accounts remotely is planning to issue tokenized equity via Liquid Securities as part of a private offering.
- Pixelmatic: a fast-growing game studio led by Samson Mow will soon launch a security token on Liquid. Their latest game, Infinite Fleet, will also feature an in-game Liquid-based utility token to power its economy.
The Liquid Securities platform provides a simple interface for businesses to issue, manage, and monitor the usage of their security tokens. Rules for token ownership, such as regional restrictions and investor accreditation, are established through a web interface and companion API and enforced by a combination of multisignature smart contracts and a server-based Liquid Authorizer. Thanks to this unique architecture, token rules do not have to be written at the smart contract level–as is the case with other blockchain platforms–and can be easily adjusted via the Liquid Securities control panel to allow issuers to adapt to fast-evolving digital asset regulations.
“This is a completely new field, so building security token applications should be engineering-intensive work,” said Simon Dixon, CEO of BnkToTheFuture. “Liquid Securities instead provides us with everything we need to get going out-of-the-box, helping us to get our token issuances to market faster. The fact that Liquid is built by one of the most accomplished teams in the Bitcoin industry gives us even more confidence in the service’s future.”
Securities issuers and issuance platforms wishing to get early access to the Liquid Securities platform should contact liquid@blockstream.com, or register their interest at blockstream.com/liquid-securities.