LiquidShare’s European post-trade settlement infrastructure for shares in small and medium sized enterprises (SMEs) using blockchain enters into pilot phase on Euronext’s markets today.
LiquidShare is a European fintech venture which was launched last year and created by BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale with the support of Paris EUROPLACE.
LiquidShare’s pilot platform opens today on Euronext’s markets. The post-trade blockchain solution connects to asset managers’, broker-dealers’ and custodians’ information systems, enabling them to more easily invest in and process listed and non-listed European SMEs.
How does it work:
- The system receives orders and ensures that the necessary cash and securities are reserved in LiquidShare’s smart contract system.
- Orders are transmitted to Euronext’s Optiq trading platform.
- After matching, Euronext sends the execution to LiquidShare for near real-time settlement.
- All parties, including SMEs, are immediately notified, ensuring transparency for the end users of the infrastructure.
Thibaud de Maintenant, CEO of LiquidShare, said:
The delivery of LiquidShare Platform is the result of the efforts of the Pilot Participants and is the first milestone to become the first industrial blockchain in production, processing hundreds of transactions per day in a regulated environment