Blockchain Post-Trade Settlement Platform LiquidShare Teams With ConsenSys’ PegaSys

Blockchain, News | May 13, 2019 By:

PAN-European FinTech initiative LiquidShare has entered into a partnership with ConsenSys’ PegaSys team to build a blockchain infrastructure for SME shares.

LiquidShare, founded in 2017 by AFS Group, BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2IEM and Société Générale, is a blockchain-based post-trade settlement infrastructure that aims to improve SMEs’ access to capital markets. Built on ethereum, the platform’s objective is to simplify the chain of post-trade operations, guaranteeing and facilitating the consolidation of securities registers, all while enabling a higher speed of execution with real-time settlement at T+0.

PegaSys, an engineering team for New York-based blockchain specialist ConsenSys, is developing from the ground up, a Java-based enterprise version of the ethereum client, Pantheon, with greater transaction throughput, privacy, and specialized validation features beyond what the ethereum 1.0 base layer can presently offer.

By selecting and partnering with PegaSys, LiquidShare intends to take advantage of Pantheon’s advanced enterprise features and enter its production phase at the end of 2019. All LiquidShare services will be fully compatible with ethereum, a central point in the open source blockchain community, which is pioneering the asset tokenization and digitization space.

Thibaud de Maintenant, CEO of LiquidShare, said that they have very stringent requirements in terms of performance, privacy and security as they are building a regulated entity operating a private blockchain to register and settle in the private and public markets.

“PegaSys’ blockchain offering will help us achieve scalability and finality in this stringent regulatory environment,” said de Maintenant.

Joe Lubin, founder at ConsenSys, said that LiquidShare is an industry-changing technology for equities markets and a powerful example of ethereum’s enterprise-readiness.

“The collaboration with PegaSys shows the power of Pantheon, its enterprise features, and the growing interest in using an Enterprise Ethereum built for mainnet compatibility,” Lubin said.