News

CoinShares Joins Blockstream’s Liquid Network

Technology Innovation a Core Driver of Growth as Firm Continues to Expand Capital Markets Footprint and is on Track to Treble Trading Volumes

29th July 2020

SAINT HELIER, Jersey | July 29, 2020 - CoinShares today announced that it has joined the Liquid Network, a sidechain-based settlement network designed by Blockstream that provides asset issuance capabilities, fast settlement times and transaction confidentiality for traders and exchanges.

CoinShares Capital Markets will integrate Liquid to enable digital asset trading between Liquid-enabled exchanges, benefitting clients with faster and more efficient services as well as providing interaction with other exchanges and members of the network. CoinShares will also provide input on the development of new network features to keep pace with demands in the digital asset market.

CoinShares has invested extensively in building, adopting, and integrating new technology that will transform capital markets, both through its Capital Markets desk as well as its dedicated Venture strategy. As reported in May, CoinShares traded $3B of notional volume in 2019, and is on pace to treble this volume in 2020. Market structure innovations like the Liquid Network are an important catalyst for this growth, and will create a new generation of trading software businesses that drive fundamental changes in how capital markets operate.

Jean-Marie Mognetti, Chief Executive Officer of CoinShares, commented on today’s news: “The development of our trading platform has been influenced, since its early days, by our team’s extensive commodities trading experience. Our goal was to develop a trading environment giving us the agility of a commodity house with the sophistication of an algorithmic trading firm. Our integration with Liquid Network’s technology provides us the opportunity to strengthen our proprietary infrastructure reinforcing our capacity to be in the market 24/7 365 days a year.”

"Having such a major institutional player join the Liquid Federation is great news for the Liquid Network," said Samson Mow, Chief Strategy Officer at Blockstream. "CoinShares is a veteran of producing innovative Bitcoin and digital asset financial products and its contributions will play a major part in expanding the capital markets use cases for Liquid users.”

The Liquid Network is operated by its 53 federated members – including cryptocurrency exchanges, trading desks, and infrastructure providers. With no single entity in control, there is no single point of failure. Members of the Liquid Federation include Ledger, BitMEX, BTSE, and Bitfinex, among others. In addition, CoinShares Ventures has been participating in the Liquid Ventures Initiative which connects companies building on the network with industry investors.

“Capital markets are seeing a rapid digital transformation, and nowhere is the pace of technological innovation as rapid as in crypto. As a pioneer in the industry, we are early adopters of new technologies like Liquid which drive efficiency, speed, and trust among industry participants.” added Meltem Demirors, Chief Strategy Officer at CoinShares.

For more insights on capital markets evolution at CoinShares, please refer to our series on the Future of Capital Markets or sign up for our bi-weekly ventures newsletter which covers the latest in technology developments.

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About the CoinShares Group

At CoinShares, our mission is to expand access to the digital asset ecosystem while serving as trusted partners for our clients. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system, and that investors should be able to participate in this transformation. We achieve this mission by providing institutional-grade investments products and services for digital asset investors. The CoinShares Group is a pioneer in digital asset investing and manages hundreds of millions in assets on behalf of a global investor base, with offices in Jersey, Stockholm, London, and New York.

For more information on CoinShares, visit: https://coinshares.com

About the Liquid Network

The Liquid Network is a sidechain-based settlement network for traders and exchanges, enabling faster, more confidential Bitcoin transactions and the issuance of digital assets. The Liquid Network is operated and managed by its federated members, ensuring the system has no single point of failure. Learn how to get access to the future of digital asset finance at liquid.net.

Media Contact
Megan Carey
+1 646 859 5953 (New York)
[email protected]
SOURCE CoinShares Group

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