Blockstream a startup is now launching a platform to let users launch their own token through Bitcoin sidechain, Liquid.
Liquid the very first sidechain of Bitcoin. The sidechain was launched by Blockstream, based out of San Francisco. Blockstream’s Liquid Securities platform is the very first product which is launched on the top of its Liquid Network sidechain. With the platform users can now issue and manage security tokens.
According to Samson Mow, CSO, Blockstream:
“Businesses around the world are racing to take advantage of the tokenization of securities. Unfortunately, blockchain platforms like ethereum are failing them due to issues with sackling, privacy and reliability. Now, with the launch of Liquid Securities, businesses can quickly issues Liquid-based security tokens with the click of a button, and establish sophisticated rulesets to conform with their regulatory requirement with no engineering experience required.”
BnKToTheFuture, TokenSoft, Zenus Bank and a few more are ready to launch coins on the platform already.
The Liquid Securities platform which is a web interface, via which issuing and monitoring tokens can take place. The app has options to set up rules like regional restriction, investor accreditation and more through the platform.
Regulators are looking at cracking down on tokens beneath the securities regulation, the parent company will offer Liquid securities API for additional compliance and legal services.
