CoinShares joins the Liquid Network

CoinShares, a digital asset management company, announced its joining of the Liquid Network, Blockstream’s settlement-and-payments network for Bitcoin exchanges, market makers, brokers and other market participants.

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Under the partnership, CoinShares Capital Markets (CSCM) will integrate the Liquid sidechain, allowing it to offer faster and more efficient services to its clients. CoinShares will also contribute to the development of new network features that meet the high demands of the digital assets market.

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The notional trading volume of CoinShares’ trades in 2019 was $3 billion. The company expects this figure to triple in 2020. A key catalyst for this growth is expected to be the integration of Liquid technology, while the network-partner collaboration should help create a new generation of trading software designed to fundamentally alter how capital markets operate.

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\”The entry of such a major player into the Liquid Federation is excellent news for the entire network. CoinShares is a veteran in developing innovative financial products based on Bitcoin and digital assets, and its contribution will play an important role in expanding the use cases for the technology in capital markets,\” said Samson Mow, Blockstream’s Director of Strategic Development.

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Liquid Network is run by 53 Federation participants, including such well-known market players as Ledger, BitMEX, BTSE and Bitfinex.

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Earlier this year CoinShares launched the CoinShares Gold and Cryptoassets Index (CGCI) — an index based on gold, Bitcoin and other major cryptocurrencies. The aim of CGCI is to give investors access to crypto assets while underpinning returns with gold.

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In addition, in partnership with Japanese financial holding Nomura and hardware-wallet maker Ledger, the company launched a custodial service for institutional investors.

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