By Blockstream, a bitcoin startup announced it is launching a platform which allows users to launch their own tokens by making use of its bitcoin sidechain, Liquid.
The Liquid Securities platform was launched the Consensus conference 2019 and is the first product that Blockstream has launched atop its Liquid Network sidechain, which is a network tied to the bitcoin blockchain which boasts faster coin transfers and enhanced built-in privacy.
The new application enables users to issue and manage security tokens (STOs) on the Liquid Network.
Blockstream CSO Samson Mow said in a statement:
“Businesses around the world are racing to take advantage of the tokenization of securities.”
He added:
“Unfortunately, blockchain platforms like ethereum are failing them due to issues with scaling, privacy, and reliability. […] 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 with no engineering experience required.”
A number of notable partners are already preparing to launch coins on the platform, including BnkToTheFuture, TokenSoft, Zenus Bank, and Pixelmatic.
Many are probably thinking that they need to be coders to launch tokens but the Liquid Securities platform provides a web interface upon which companies can issue and monitor tokens. To create a token the app features options to set up rules instead of having to code them and these include regional restrictions as well as “investor accreditation.”
Any tokens issued on the platform will benefit from bitcoin’s multi-signature smart contracts.
With regards to regulation, in light of regulatory watchdogs beginning to crack down on tokens under securities regulations, Blockstream also offers a Liquid Securities API for “additional compliance and legal services.”
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