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Blockchain Technology Firm Blockstream Brings Its Security Token Platform For Businesses

BFSI News

Blockchain_Technology-Firm-Blockstream-Brings-Its-Security-Token-Platform-For-Businesses Blockchain Technology Firm Blockstream Brings Its Security Token Platform For BusinessesBlockstream, a blockchain-driven firm, has reportedly introduced its security token platform, named Liquid Securities, for businesses to issue security token on the Liquid Network. As per the reports, the platform comes with the collaboration of four partners, including investment platform BnkToTheFuture, multi-blockchain issuance platform TokenSoft, United States-based bank Zenus Bank, and game development studio Pixelmatic.

Chief Security Officer at Blockstream, Samson Mow claimed that while businesses are willing to issue tokenized securities, platforms such as Ethereum are not the right choice because of their scalability, privacy and reliability limitations. According to the company, “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…” As part of the announcement, the Liquid Network is a settlement network which connects cryptocurrency exchanges, market makers, brokers, and other financial institutions. Founded in the year 2014, Blockstream offers funds for the development of Bitcoin Core, the major Bitcoin network client software. In March, Blockstream launched a new version of its Bitcoin scalability software, c-lightning that features performance enhancements, bug fixes and augmented privacy.

As the global leader in Bitcoin and Blockchain technology, Blockstream implements cutting-edge cryptography and security engineering, as well as creating the products and networks that make financial markets more efficient by lessening reliance on trust. The company’s technology is expediting the adoption of Bitcoin-enabled peer-to-peer finance, and its key innovation is in sidechains that empower the introduction of brand new features to Bitcoin, in addition to the issuance of new digital assets.