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Home Security Token Offering (STO)

Bitcoin’s Liquid Network Gains Six New Federation Members

admincrypto by admincrypto
January 29, 2022
in Security Token Offering (STO)
Bitcoin’s Liquid Network Gains Six New Federation Members
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Bitmatrix, DIGTL, GMO Coin, Mempool, Specter, and Zaprite are now part of the 63-member group of functionaries.

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Bitcoin infrastructure company Blockstream said in a statement sent to Bitcoin Magazine that six new members have joined the Liquid Federation, the cohort of financial institutions that underpins the Liquid Bitcoin sidechain.

“Federation members contribute to the Liquid Network’s security, gain voting rights in the board election and membership process, and provide valuable input on the development of new features,” the statement said. “Members also benefit from the ability to perform a peg-out without a third party, allowing their users to convert between L-BTC and BTC seamlessly within their platform.”

Bitmatrix, Digital Markets (DIGTL), GMO Coin, Mempool, Specter, and Zaprite are now part of the 63-member group.

“The Liquid Network continues to experience steady growth through adoption by a broad-spectrum of financial platforms and providers,” said Samson Mow, CSO at Blockstream, per the statement. “Liquid-native security tokens and STO infrastructure developed by Federation members will be instrumental in the…

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