Fintech firm Liquidshare has selected Sextant for Daml, the blockchain and smart contract management and operations platform provided by Blockchain Technology Partners (BTP), to deliver its post-trade offering.
LiquidShare was created in 2017 by eight European financial institutions — AFS Group, BNP Paribas Securities Services, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale — with the aim to build a European post-trading blockchain infrastructure for the financial industry.
BTP’s Sextant for Daml solution simplifies the deployment and management of the Daml runtime environment on distributed ledgers, which will allow LiquidShare to focus on the application instead of the infrastructure.
Daml, created by Digital Asset, is an application platform purpose-built for coding complex multiparty business processes.
Jean-Marc Eyssautier, CEO of LiquidShare, says: “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. The fact that it is supported by BTP on our ledger of choice, Hyperledger Besu, was also the main driver for us.”
Yuval Rooz, co-founder and CEO at Digital Asset, explains: “Post-trade processes can significantly benefit from the efficiency and trust provided by distributed ledgers and Daml, which is quickly becoming the de facto standard in capital markets. It’s great to see LiquidShare using Sextant for Daml. It is the right platform to help LiquidShare bring its new blockchain-enabled offering to the market.”
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