BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale along with the support of Paris Europlace have launched the European fintech venture ‘LiquidShare’.
The Paris-based consortium of top-rank financial companies will pool resources in the establishment of the joint venture that will utilize Distributed Ledger Technology (DLT) or blockchain in order to simplify post-trade processing of SME lending operations.
LiquidShare will be hosted at an incubator in Paris and will be led by Detusche Bank veteran Thibaud de Maintenant as CEO. Euronext board member Anthony Attia will be the Chairman of the Supervisory Board of LiquidShare.
“With the launch of LiquidShare, we will use the great potential of the blockchain technology to become a key player in the post-trade industry,” Thibaud stated. “Supported by shareholders across the European financial market ecosystem, this initiative is the first of its kind.”
Thibaud said that DLT has the potential to simplify the chain of post-trade operations that facilitates consolidation of securities registers. It also enables a higher speed of execution with real-time settlement at T+0.
LiquidShare is a dynamic and innovative company that intends to improve SME’s access to capital markets, improving the transparency and security of post-trading operations using blockchain. According to reports, the company will develop and operate a post-trading infrastructure along with the support of shareholders, which will serve these companies specifically.
