Bitcoin infrastructure developer Blockstream has debuted a security token issuance platform based on its Liquid Network. The platform will allow companies to deploy tokenized securities without having to worry about computer programming and regulatory requirements.
Liquid Securities: Blockstream Introduces STO as a Service
In a blog post published on Wednesday (May 15, 2019), Samson Mow, the chief strategy officer (CSO) at Blocksream announced the new Liquid Securities platform. According to the announcement, the new platform allows companies to create and issue security tokens based on the company’s Liquid Network at the click of a button.
Commenting on the development, BnkToTheFuture CEO, Simon Dixon declared:
“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.”
API Integration and Multisig Functionality
The Liquid Securities platform allows companies to issue security tokens without having to wonder about navigating the complex worlds of computer programming and statutory regulatory provisions.
According to Mow, the platform has built-in features that allow companies to develop robust rules that guide the token ownership process which can be tweaked to suit the securities regulations existing in any jurisdiction.
Instead of having to develop these rules via smart contracts that require coding skills, companies can use the intuitive control panel on the platform to create and edit token rules quite easily. There are also features that allow companies to offer the platform as a service to their users, via the Liquid Securities API.