PAN-European FinTech initiative LiquidShare has entered into a pilot phase with 15 market participants trading over Euronext.
LiquidShare, Founded in 2017 by AFS Group, BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2IEM and Société Générale, is a blockchain-based post-trade settlement infrastructure that aims to improve small and medium sized enterprises’ (SME) access to capital markets. Built on ethereum, the platform’s objective is to simplify the chain of post-trade operations, guaranteeing and facilitating the consolidation of securities registers, all while enabling a higher speed of execution with real-time settlement at T+0.
During the pilot phase, the LiquidShare platform will be integrated to the information systems of asset managers, broker-dealers and custodians to enable them to more easily invest in and process listed and non-listed European SMEs.
The platform first receives orders and ensures that the necessary cash and securities are reserved in LiquidShare’s smart contract system. Orders are then transmitted to Euronext’s Optiq trading platform. After matching, Euronext sends the execution to LiquidShare for near real-time settlement. All parties, including SMEs, are immediately notified, ensuring transparency for the end users of the infrastructure.
“The delivery of LiquidShare platform is the result of the efforts of the Pilot Participants and is the first milestone to become the first industrial blockchain in production, processing hundreds of transactions per day in a regulated environment,” said Thibaud de Maintenant, CEO of LiquidShare.
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