Fintech firm LiquidShare selects BTP’s Sextant for Daml platform to deliver leading-edge blockchain-based post-trade offering
LiquidShare’s post-trade services offering targeted at both traditional and digital assets is underpinned by BTP’s blockchain and smart contract management and operations platform
Paris, France — 29 June 2021 — LiquidShare, a leading European fintech startup, has selected Sextant for Daml, the blockchain and smart contract management and operations platform provided by Blockchain Technology Partners (BTP), to deliver its cutting-edge post-trade offering.
LiquidShare was created in 2017 by eight major European financial institutions (AFS Group, BNP Paribas Securities Services, Caceis, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale) with the mission to build a European post-trading blockchain infrastructure for the financial industry. The company’s post-trade offering secures and streamlines back-office operations in financial markets, while enhancing the transparency and trustworthiness of post-trading operations, leveraging the open-source distributed ledger Hyperledger Besu, and Daml, an application platform.
“We chose Daml as our smart-contract language for its strong potential to embed business logic, and because it enables us to build multiparty business processes easily and rapidly. The fact that it is supported by BTP on our ledger of choice, Hyperledger Besu, was also a main driver for us,” said Jean-Marc Eyssautier, CEO of LiquidShare. “Sextant for Daml has accelerated our time to market by allowing us to focus on customer needs.”
BTP’s Sextant for Daml solution radically simplifies the deployment and management of the Daml runtime environment on distributed ledgers, so innovators such as LiquidShare can focus on the application rather than the underlying infrastructure.
“We are delighted to facilitate such financial innovation by freeing LiquidShare from technology infrastructure frustrations,” said Duncan Johnston-Watt, CEO & Co-founder of BTP. “This is a great use case that showcases the business value of distributed ledgers and smart contracts, by lowering the barrier to entry to capital markets.”
Daml, created by Digital Asset, is an application platform purpose-built for coding complex multiparty business processes. Daml applications provide a robust framework to better manage transactional workflows, resulting in improved operational efficiency, while preserving privacy and trust. This is particularly relevant to capital markets.
“LiquidShare is at the forefront of innovation in post-trade markets,” said Yuval Rooz, Co-founder & CEO at Digital Asset. “Post-trade processes can significantly benefit from the efficiency and trust provided by distributed ledgers and Daml, which is quickly becoming the de facto standard in capital markets. It’s great to see LiquidShare using Sextant for Daml. It is the right platform to help LiquidShare bring its new blockchain-enabled offering to the market.”
Sextant for Daml, developed in partnership with Digital Asset, simplifies the deployment and management of the Daml runtime environment on Hyperledger Besu and Hyperledger Sawtooth, as well as Amazon QLDB, Amazon Aurora and PostgreSQL. It is rapidly emerging as the platform of choice for companies delivering Daml applications in production.
About LiquidShare
Founded in 2017, LiquidShare is a Paris-based fintech startup backed by some of Europe’s largest financial institutions. LiquidShare secures and simplifies back-office operations in financial markets with distributed ledger technology. Its platform narrows the gap between issuers and investors, facilitating the management of their capital and positions. Learn more about LiquidShare at liquidshare.io. Click here to follow LiquidShare on Twitter and LinkedIn.
About Blockchain Technology Partners
Founded in 2018, BTP is a leading enterprise blockchain company, with a mission to bring the benefits of distributed ledgers, smart contracts, and information security to business. BTP is the company behind Sextant, a platform that radically simplifies the deployment and management of enterprise blockchain infrastructure. BTP is headquartered in Edinburgh, and has a presence in Barcelona, London, New York and San Francisco. Learn more about BTP at blockchaintp.com. Click here to follow BTP on Twitter and LinkedIn.
About Digital Asset
Digital Asset helps companies of all sizes and across industries get distributed applications to market faster, and stay there longer. At the core of our service offering is Daml, an application platform unconstrained by organizational boundaries. Companies can create new multi-party solutions that transform disparate silos into synchronized networks, eradicating latency and errors by guaranteeing consistent data.
Digital Asset works with leading organizations in financial services, healthcare and insurance, including 5 of the top 10 stock exchanges in the world. In 2020, CB Insights named Daml as one of the top blockchain networks for capital markets. To learn more about Digital Asset, please visit www.digitalasset.com and for more information about Daml, please visit www.daml.com. Click here to follow Digital Asset on Twitter and LinkedIn.
Media Contacts
Brigitte Gignoux — contact@liquidshare.io
Csilla Zsigri — media-inquiries@blockchaintp.com
JoAnn Healy — media@digitalasset.com
