• Tue, 20 Aug 2019, 10:06 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

BNP Paribas-backed LiquidShare partners with ConsenSys’ PegaSys for post-trade blockchain infrastructure

Tue, 14 May 2019, 03:30 am UTC

Blockchain startup LiquidShare has announced its partnership with ConsenSys’ PegaSys team for its blockchain-based post-trade settlement infrastructure.

Founded in 2017, LiquidShare is an independent startup launched by major European Institutions – BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale – with the objective of developing a European post-trading blockchain infrastructure for the Small and Medium Enterprises (SMEs) market.

The Paris-based startup has developed an Ethereum-based private and permissioned platform, with the business logic coded in smart contracts to model their cash, security, and delivery versus payment mechanisms. It will allow peer-to-peer to settlement between custodian nodes for listed and non-listed shares, removing friction costs and improving transparency for SMEs.

In collaboration with ConsenSys, LiquidShare successfully executed pilots with 15 financial institutions, including BNP Paribas and Société Générale as custodians, at the end of 2018.

PegaSys, on the other hand, is developing Pantheon – a Java-based enterprise version of the Ethereum client with greater transaction throughput, privacy, and specialized validation features that go beyond what the Ethereum 1.0 base layer can currently offer.

Through the partnership with PegaSys, LiquidShare aims to leverage Pantheon’s advanced enterprise features and enter its production phase by the end of this year. LiquidShare said that all of its services will be fully compatible with Ethereum.

“We are building the gold-standard for enterprise blockchain that can support multiple use cases in a private blockchain, and also have the possibility of leveraging the advantages of the public Ethereum blockchain. LiquidShare is one of the most advanced use cases in the financial industry, and we are excited to work with them on bringing production systems to market,” Daniel Heyman, PegaSys Program Director, said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,688.40 (-0.15%)
  • Ethereum (ETH) $197.31 (-1.69%)
  • XRP (XRP) $0.274700 (-4.22%)
  • Bitcoin Cash (BCH) $319.74 (-0.52%)
  • Litecoin (LTC) $75.75 (-2.80%)
  • Bitcoin (BTC) $10,688.40 (-0.15%)
Aug 20, 2019 (Tuesday)
09:26
bitFlyer teams up with Tpoint Japan to rollout bitcoin rewards program
09:03
Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
08:00
New York court denies Bitfinex, Tether's lack of jurisdiction claim
07:16
Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue
07:15
Ethereum Foundation launches Korean version of its website, announces large-scale translation program
06:39
Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
06:35
Cybersecurity veteran David Damato joins crypto exchange Gemini
05:42
Deloitte unveils demonstrational platform for blockchain solutions
05:36
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
04:36
Crypto custodian BitGo poaches new Chief Revenue Officer from rival Xapo
03:50
97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
03:41
Philippines' central bank approves 2 new cryptocurrency exchanges
03:38
Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
Aug 19, 2019 (Monday)
13:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:36
World Bank raises another $33M for Kangaroo bond via blockchain technology
12:28
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:49
Silvergate Bank reveals plans to offer crypto-backed loans this year
11:18
Crypto Technicals: IOT/USD bias higher on intraday charts, 'Death Cross' and 21-EMA resistance likely to keep upside limited
10:35
Crypto Technicals: BTC/USD breaks above 55-EMA, scope for upside resumption
10:34
Binance seeks to empower countries to spur new currencies via new open blockchain project ‘Venus’
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft