A consortium of French financial institutions has announced the creation of a new European FinTech venture called LiquidShare, which aims to develop a post-trading blockchain infrastructure for the SME market.

BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale with the support of Paris EUROPLACE, have created the independent startup that will look to improve SME’s access to capital markets and the transparency and security of post-trading operations using blockchain.

LiquidShare will be set up shortly in a Parisian incubator where it will employ various profiles to implement the platform. The startup will be led by Thibaud de Maintenant, who is named chief executive officer of the company.

At the launch, he commented: “With the launch of LiquidShare, we will use the great potential of the blockchain technology to become a key player in the post-trade industry. Supported by shareholders across the European financial market ecosystem, this initiative is the first of its kind.”

LiquidShare harnesses blockchain technology that consists of a virtual ledger that assembles data for shared distribution between many different users. The technology has the potential to simplify the chain of post-trade operations and guarantee and facilitate the consolidation of securities registers.

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