Bitcoin platform Liquid.com and Virtual Currency Partners (VCP), a consortium of investors and entrepreneurs investing in the fintech and crypto industries, today announced the creation of a jointly-owned entity called Liquid Financial USA Inc. (Liquid USA) to expand Liquid’s services into the US market.
Liquid USA represents Liquid’s expansion plans into key growth markets, including the US, on the back of its ongoing Series C fundraise that valued the company at more than USD $1 billion. Liquid will enter into the US via its holding company, Liquid Group Inc, founded in March 2019.
VCP is led by Chairman Barry Schiffman, who has over 30 years of experience investing in high-growth companies in his role as Executive Managing Director in JAFCO Ventures, the US arm of leading Japan venture capital fund JAFCO, followed by Globespan Capital Partners.
The parties’ commitments of capital, technology, and resources to this venture have enabled Liquid USA to acquire a FinCEN-registered money service business through which Liquid will access the US market. Plans for the US-based exchange call for a complete offering of Liquid’s products to the US market, subject to US regulatory approvals.
Pending those regulatory approvals, Liquid USA plans to make Liquid’s native token, QASH, available for utility and trading to US customers. Liquid USA’s offices are located in New York, NY, and Atlanta, GA.
