The Liquid Network is a Bitcoin sidechain that supports the creation of new digital assets in addition to the ability to peg-in bitcoin to the network. However, issuing a new asset on Liquid typically requires getting your hands dirty with some code.
Issuing securities in particular presented serious challenges due to the need for issuers to comply with a variety of global regulations that are changing quickly. Building complex rulesets to meet these requirements takes time and can be easy to get wrong.Security Tokens at the Click of a Button
That all changes soon. Today at Consensus 2019, Blockstream revealed the upcoming release of its new Liquid Securities platform, a user-friendly solution for businesses issuing security tokens on the Liquid Network.
With the launch of the Liquid Securities platform, businesses can quickly issue Liquid-based security tokens with the click of a button, and establish sophisticated rulesets to conform with their regulatory requirements with no software engineering experience required.
Through a single, simple web interface, users can manage all their issued tokens, “reissue” existing tokens (expand their supply), and monitor token usage.“This is a completely new field, so building security token applications should be engineering-intensive work. Liquid Securities instead provides us with everything we need to get going out-of-the-box, helping us to get our token issuances to market faster. The fact that Liquid is built by one of the most accomplished teams in the Bitcoin industry gives us even more confidence in the service’s future.” - Simon Dixon, CEO of BnkToTheFuture Flexible Rule Enforcement Through Multisig
Rules for token ownership, such as regional restrictions and investor accreditation, are established through a web interface and companion API, and enforced by a combination of multisignature smart contracts and a server-based Liquid Authorizer.
Thanks to this uniqu...