Press release of November 3rd, 2021
VERMEG and LiquidShare announce the integration between their Platforms to service custody of crypto assets
VERMEG, a leading provider of Banking, Insurance and Digital solutions, and LiquidShare, an innovative European provider of a blockchain settlement platform, today announced the connectivity of MEGARA© with LiquidShare to seamlessly settle crypto assets using blockchain technology.
The regulated securities custody industry has been receiving increased institutional and client demand to extend the traditional asset custody and servicing to the crypto investment class. As a leading provider of asset custody software to central banks and financial services firms VERMEG has established an A2A connection between VERMEG’s MEGARA© and LiquidShare Platform to allow custodians using MEGARA© to provide custody services of assets issued in LiquidShare.
This also makes LiquidShare one of the first blockchain platforms offering connectivity to a leading custody platform.
“It is my pleasure to announce that MEGARA©, already connected to various blockchain platforms providing custody services for traditional and crypto assets, has added the connectivity and support of full cycle settlement on LiquidShare to its catalog. By connecting both solutions, we offer our clients faster time-to-market capability to extend their services and increase their business. LiquidShare is an important player in blockchain custody, and this partnership will accelerate the adoption by custodians of one single solution to support custody of all types of assets”, said Boujemaa KHALDI, Product Director in VERMEG.
“The integration of MEGARA© with our platform is an important step in the adoption of LiquidShare as the main provider of blockchain solutions for issuing and settling crypto assets. MEGARA© is a leading solution for custodians and this connectivity will allow its clients immediate access to assets managed in LiquidShare”, said Jean-Marc EYSSAUTIER, LiquidShare’s CEO.
Founded in 2017, LiquidShare is a Paris-based fintech startup backed by some of Europe’s largest financial institutions. LiquidShare secures and simplifies back-office operations in financial markets with distributed ledger technology. Its platform narrows the gap between issuers and investors, facilitating the management of their capital and positions.
More information is available at liquidshare.io.
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VERMEG is a specialized software house covering three main market segments in financial services: Banking, Capital Markets and Insurance.
Our business solutions are designed to address the challenges linked to the transformation of the financial services industry. As information system architects, we ensure our clients can achieve cost reductions and Time-To-Market control in the modernization of their information systems.
In addition to offering standard software solutions that meet evolving digitized needs, VERMEG provides tailor-made solutions based on our own tools, project and business expertise.
VERMEG has over 1700 employees, with presence in Australia, Belgium, Brazil, China, UK, France, Germany, Japan, Hong Kong, Luxembourg, Mexico, Netherlands, Singapore, Spain, Tunisia and United States. The company supports more than 550 clients in 40 countries.
More information is available at: www.vermeg.com
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2021, Nov 03
- Press release