LiquidShare’s post-trade settlement infrastructure for shares in SMEs has entered into a partnership with ConsenSys’ PegaSys team with an aim to leverage the Ethereum client- Pantheon’s enterprise features and enter its production phase at the end of 2019.
Thibaud de Maintenant, CEO of LiquidShare commented, “We have very stringent requirements in terms of performance, privacy and security as we are building a regulated entity operating a private blockchain to register and settle in the private and public markets. PegaSys’ blockchain offering will help us achieve scalability and finality in this stringent regulatory environment.”
PegaSys has been developing a Java-based enterprise version of Pantheon with added transaction capabilities, privacy, and specialized validation features.
Daniel Heyman, PegaSys Program Director added, “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.”
Joe Lubin, founder at ConsenSys, commented on the announcement, “LiquidShare is an industry-changing technology for equities markets and a powerful example of Ethereum’s enterprise-readiness. The collaboration with PegaSys shows the power of Pantheon, its enterprise features, and the growing interest in using an Enterprise Ethereum built for mainnet compatibility.”
LiquidShare has produced a private and permissioned platform built on Ethereum with the business logic coded in smart contracts to model their cash, security, and delivery versus payment mechanisms. This platform allows peer to peer settlement custodian nodes for listed and non-listed shares, thereby removing friction costs and providing transparency to SMEs.
Established in 2017, LiquidShare is a European fintech venture with a core objective to improve SME’s access to capital markets, improving the transparency and security of post-trade operations using blockchain.