Security Token Platform Announced By Blockchain Startup Blockstreambr>
Blockchain infrastructure company Blockstream has announced a new platform for businesses issuing security tokens on the Liquid Network, a bitcoin sidechain that enables faster transfer of crypto assets.
The Liquid Securities platform, which was announced at Consensus 2019, 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, which are then enforced by a combination of multisignature smart contracts and a server-based Liquid Authorizer.
“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 new platform will reportedly launch with four partners that are pioneering many new tokenized securities use-cases on Liquid. These include investment platform BnkToTheFuture, multi-blockchain issuance platform TokenSoft, United States-based bank Zenus Bank, and game development studio Pixelmatic.
“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.”