Point95 Global Officially Onboarded as Members of the Liquid Network Federation, a Sidechain-based Settlement Network of Bitcoin
On March 27, 2020, Blockstream revealed the addition of ten new members to the Liquid Network’s federation, including digital asset management institution Point95 Global, hardware wallets provider Ledger, and blockchain tools developer Wyre. With this expansion, The Liquid Network now includes a total membership of 45 exchanges, trading desks, and financial institutions. Now, Point95 Global, DVChain and MerklePro are together integrating with a Liquid-based OTC settlement platform that is under development in Japan.
The Liquid Network is a sidechain-based settlement network for traders and exchanges, where allowing members like platforms, brokers and market makers to conduct fast, private transaction with other members. With Liquid Network’s features, members benefit from the ability using fiat, securities, and other crypto to peg-in and provide exchange service to their users. And peg-out is the process by which Liquid Bitcoins (L-BTC) are transferred back to the Bitcoin mainchain from the Liquid sidechain, which is supervised by members in Liquid Network to maintain consensuses.
Before this, institutions like Bitfinex, BitMEX, Huobi, OKCoin are already members of Liquid Network’s federation.
Point95 Global Ltd (“P95G”) has been at the forefront of digital asset trading since 2017 in providing “best-in-class” OTC brokerage, digital asset management, liquidity provision, and execution services.