• Sat, 25 May 2019, 01:37 PM
  • All times are UTC
  • Edition:
    International
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. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,052.09 (+0.67%)
  • Ethereum (ETH) $252.13 (+0.39%)
  • XRP (XRP) $0.387200 (-0.18%)
  • Bitcoin Cash (BCH) $408.16 (-1.38%)
  • Litecoin (LTC) $101.62 (+3.41%)
  • Bitcoin (BTC) $8,052.09 (+0.67%)
May 24, 2019 (Friday)
12:18
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
10:50
German engineering giant Bosch trials Ethereum blockchain
10:39
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
09:33
Bank of Russia to review proposal on gold-backed cryptocurrency
09:17
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
08:45
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
08:45
Robinhood Crypto is now in New York
07:27
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
07:25
California resident sued for alleged $26M crypto Ponzi scheme
06:33
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
06:16
Rep. Swalwell accepting bitcoin donations in bid for US presidency
06:10
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
05:12
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
05:07
Binance CEO CZ seeks compensation for reputational damage from Sequoia
04:06
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
03:57
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
03:14
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
12:15
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
12:11
Coinstar extends bitcoin buying service to 21 US states
11:38
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft