{"id":20095,"date":"2019-05-15T16:14:42","date_gmt":"2019-05-15T16:14:42","guid":{"rendered":"http:\/\/ci027cfe70500b2697"},"modified":"2025-01-27T21:55:54","modified_gmt":"2025-01-27T21:55:54","slug":"blockstream-releases-first-enterprise-grade-product-liquid","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/blockstream-releases-first-enterprise-grade-product-liquid","title":{"rendered":"Blockstream Releases First Enterprise-Grade Product on Liquid"},"content":{"rendered":"
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Security tokens are coming to Bitcoin, courtesy of Blockstream.<\/p>\n

The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live. This platform will provide Liquid and its users with its first product to issue digital assets, a foundational milestone for bringing tokenization to the Bitcoin network.<\/p>\n

Launched in October 2018<\/a>, the Liquid sidechain is an auxiliary network built on Bitcoin, primarily to enable low-fee, low-latency transfers between exchanges. Blockstream has always advertised the potential for digital asset issuance on the sidechain, a promise it has now fulfilled in collaboration with Liquid Securities\u2019 inaugural partners TokenSoft<\/a>, BnkToTheFuture<\/a>, Zenus Bank<\/a> and Pixelmatic<\/a>.<\/p>\n

\u201cThis is big for Liquid, to move from something that is used by exchanges toward a more advanced financial network,\u201d Allen Piscitello, director of product management at Blockstream, told Bitcoin Magazine<\/em>.<\/p>\n

Piscitello went on to say that one of the benefits of Liquid Securities includes having an asset that is both verifiable and auditable but also private. When issuing a token on Liquid, a company can keep specific details (like supply, allocation, etc.) private while allowing a trusted third party to audit operations. This means that enterprises don\u2019t have to trade off privacy for transparency to stay compliant with regulations, all while leveraging \u201cone of the most secure blockchain networks in the world,\u201d according to Piscitello.<\/p>\n

\u201cWe\u2019ve been speaking to financial institutions for the past year and one thing that was very common in the requests they give is that they\u2019re looking for being able to move assets privately, they\u2019re looking for a scalable solution as well,\u201d Mason Borda, CEO of Token Soft, told Bitcoin Magazine.<\/em> \u201cThey\u2019re all familiar with the Liquid name.\u201d<\/p>\n

The platform comes with a variety of issuer controls for tailoring a token to each user\u2019s specific use case. They can, for instance, choose to manage tokens through Liquid Securities\u2019 API or outsource this job to one of Liquid\u2019s partners if it\u2019s too onerous.<\/p>\n

There are also internal controls for managing token issuance based on criteria like regulations and geographic restrictions, among others. Piscitello believes this will help to tame the \u201cwild west of ICOs\u201d which frequently confront \u201cgeographic or regulatory restrictions\u201d during token sales. It will also make it easier for companies to issue tokens because they don\u2019t need to roll out their own smart contracts, he said.<\/p>\n

Offering an alternative to the free-for-all model of the ICO boom, Liquid\u2019s tokenization platform could be an attractive option to regulated players, Mushegh Tovmasyan, founder of Zenus Bank, told Bitcoin Magazine.<\/em><\/p>\n

\u201cBeing a very regulated entity, we\u2019ve been searching for a compliant solution for our clients and shareholders,\u201d he said.<\/p>\n

Companies interested in the platform can apply for early access here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Security tokens are coming to Bitcoin, courtesy of Blockstream.<\/p>\n","protected":false},"author":2566,"featured_media":3898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[287,151,396],"class_list":{"0":"post-20095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-blockstream","9":"tag-liquid","10":"tag-sidechains"},"author_data":{"id":2566,"name":"Colin Harper","nicename":"colin-harper","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/blockstream-releases-first-enterprise-grade-product-on-liquid.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2566"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20095"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/3898"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}