According to a press release dated May 15, Blockstream (A Blockchain Infrastructure firm) came out to announce the launch of its security token platform. The statement further noted that the newly developed Liquid Securities platform is a to quick fix for businesses in order to issue security tokens on the Liquid Network.
The Cheif Security Officer of Blockstream, Samson Mow in one of his statements claimed that various business is in favor of issuing tokenized securities. However, platforms such as Ethereum is not the most appropriate choice, mainly because of their scalability, reliability limitation, and privacy.
Moreover, Blockstream claims that its platform is best for such use: “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…”
As per reports, the platform will be launching in collaboration with four partners, namely BnkToTheFuture (Investment platform), TokenSoft (multi-blockchain issuance platform), Zenus Bank (US-based bank) and Pixelmatic (game development studio).
According to the announcement made, the Liquid Network is a settlement network connecting market makers, crypto exchanges, brokers and various other financial institutions. Also, in the month of March, a new version of bitcoin (BTC) scalability software was released by Blockstream. Performance enhancement and bug fixes were majorly included in the update.