VERMEG and LiquidShare announced the connectivity of MEGARA with LiquidShare to seamlessly settle crypto assets using blockchain technology. LiquidShare is a Paris-based provider of a blockchain settlement platform.
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 provider of asset custody software to central banks and financial services firms VERMEG has established an all-to-all connection between VERMEG’s MEGARA, the firm’s modular suite covering post-trade processing, and LiquidShare’s platform so that custodians using MEGARA can provide custody services of assets issued in LiquidShare.
“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, in a statement.