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European startup LiquidShare forms SME post-trade infrastructure on blockchain

LiquidShare harnesses blockchain technology that consists of a virtual ledger that assembles data for shared distribution among many different users. This technology has the potential to dramatically simplify the chain of post-trade operations, guaranteeing and facilitating the consolidation of securities registers, all while enabling a higher speed of execution with real-time settlement at T+0.

BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale with the support of Paris EUROPLACE have announced the creation of the European fintech venture LiquidShare.

The new independent startup is the result of a partnership launched by its shareholders in June 2016 to develop a post-trading blockchain infrastructure for the Small and Medium Enterprise (SME) market.

LiquidShare’s core objective is to improve SME’s access to capital markets, improving the transparency and security of post-trading operations using blockchain. Eventually, the solution aims to reduce transaction costs.

The startup will be led by Thibaud de Maintenant, who was named Chief Executive Officer of the company. In close cooperation with its large institutional partners, Thibaud de Maintenant will combine functional and technical expertise with innovative solutions to work towards the company’s goal.

In addition, Anthony Attia, Managing Board member of Euronext, was appointed 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. Supported by shareholders across the European financial market ecosystem, this initiative is the first of its kind.”

Thibaud de Maintenant, CEO of LiquidShare

LiquidShare will be set up shortly in a Parisian incubator where it will employ various profiles to implement the platform.

Source:Société Générale
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