Securities Financing Industry News | LiquidShare integrates with Vermeg’s Megara platform for crypto assets
Vermeg integrated its Megara platform with LiquidShare to enable the settlement of crypto assets using blockchain technology, making it one of the first blockchain platforms to offer connectivity to a custody platform. .
As a provider of banking, insurance and digital solutions, Vermeg’s Megara platform is designed to secure and simplify back-office operations in financial markets by reducing the gap between issuers and investors and streamlining the management of their capital and positions.
The partnership follows increased demand from institutions and clients within the regulated custody industry to extend traditional custody and asset servicing capabilities to the crypto asset class.
LiquidShare’s blockchain settlement platform will have an app-to-app connection with Megara which will allow custodians using Megara to provide custodial services for assets issued in LiquidShare.
Boujemaa Khaldi, Product Manager at Vermeg, comments: “By connecting the two solutions, we provide our customers with a faster time-to-market capability to expand their services and increase their business.
“LiquidShare is an important player in blockchain custody, and this partnership will accelerate custodians’ adoption of a single solution to support custody of all types of assets.”
Jean-Marc Eyssautier, CEO of LiquidShare, adds: “The integration of Megara with our platform is an important step in the adoption of LiquidShare as a leading provider of blockchain solutions for the issuance and settlement of crypto assets.
Earlier this year, LiquidShare tested the settlement of securities transactions using a central bank digital currency issued by the Banque de France for the payments side of the settlement transaction.