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Vermeg has integrated its Megara platform with LiquidShare to allow the settlement of crypto assets using blockchain technology, making the latter one of the first blockchain platforms offering 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 narrowing the gap between issuers and investors, and streamlining the management of their capital and positions.
The partnership follows increased institutional and client demand within the regulated securities custody industry to extend traditional asset custody and servicing capabilities into the crypto asset class.
LiquidShare’s blockchain settlement platform will have an application-to-application connection with Megara that allows custodians using Megara to provide custody services for assets issued in LiquidShare.
Boujemaa Khaldi, product director at Vermeg, comments: “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.”
Jean-Marc Eyssautier, CEO of LiquidShare, adds: “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.”
Earlier this year, LiquidShare tested the settlement of securities transactions using a central bank digital currency issued by Banque de France for the payments leg of the settlement operation.
