The Liquid Securities platform, as introduced at Consensus Conference 2019, is the first product the company has released on top of its Liquid Network sidechain, a network tied to the bitcoin blockchain with better built-in privacy and faster coin transfers.
The app will enable users to issue and manage security tokens on top of the Liquid Network.
Samson Mow, CSO of Blockstream, “Businesses around the world are racing to take advantage of the tokenization of securities,” adding that:
“Unfortunately, blockchain platforms like ethereum are failing them due to issues with scaling, privacy, and reliability. […] 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.”
A number of partners namely Zenus Bank, TokenSoft, BnkToTheFuture, and Pixelmatic are already lining up to introduce coins on the platform.
You don’t need to be a coder to introduce a token. The Liquid Securities platform will offer a web interface where businesses can issue and monitor tokens. Instead of coding up the rules, the app will have an option to set up the rules, such as the “investor accreditation” and the regional restrictions, instead of actually coding up the rules.
They will be imposed by bitcoin’s multi-signature smart contracts under the hood.
With regulators beginning to crack down on tokens under securities regulations, Blockstream will also provide a Liquid Securities API for “additional compliance and legal services” to deal with the question of regulation.