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Crypto – Blockstream Releases New Product on Liquid – Our Opinion

Crypto - Blockstream Releases New Product on Liquid - Our Opinion

On the final day of the Consensus 2019 conference, the firm Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain is being promoted to go live. This platform will provide Liquid and its users with its first product to issue digital assets – this being a milestone for bringing tokenization to the Bitcoin network. This article was sourced from BitcoinMagazine by Colin Harper.

Launched in October 2018, the Liquid sidechain is an auxiliary network built on Bitcoin, primarily to enable low-fee , low latency transfers between exchanges. It is now clear that Blockstream has always advertised the potential for digital asset issuance on the sidechain – this was now fufilled on collaboration with Liquid Secutiries` inaugural partners TokenSoft, BnkTOTheFuture, Zenus Bank and Pixelmatic. “This is big for Liquid, to move from something that is used by exchanges toward a more advance financial network,” Allan Piscitello, director of product management at Blockstram, told Bitcoin Magazine.

It is important to note that this new product comes with a variety of issuer controls for tailoring a token to each specific case, allowing users more freedom and flexibility. This is just another example that we see as a global and very trusted foundation being designed and built by first class institutions to support future crypto and blockchain technology, a legitimate market is being laid out with institutional investors showing more interest to invest.

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