When it was founded in 2017, it started with a post-trade platform for listed and unlisted SME shares. In January, it appointed a new CEO and announced a change of focus. Liquidshare now offers an end-to-end back end solution for security tokens, including issuance and settlement. Its platform provides solutions for various market participants, including corporate issuers, custodians, and asset managers.
The company is also leading a consortium as part of the Banque de France’s wholesale central bank digital currency (CBDC) trials.
In terms of technology, the startup uses Ethereum-based enterprise blockchain Hyperledger Besu. And to enable Daml on Besu, it uses Sextant for DAML from BTP.
“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,” said Jean-Marc Eyssautier, CEO of LiquidShare. “Sextant for Daml has accelerated our time to market by allowing us to focus on customer needs.”
Daml is different from most other smart contract languages in that it works on most enterprise blockchain flavors and even with centralized databases. While Daml can be deployed for all types of applications, it has proven particularly popular for post-trade solutions. The ASX, HKEX and SGX are using it, and Digital Asset recently announced an integration with the software that Nasdaq sells to other trading venues.