LiquidShare, a leading European fintech startup, has selected Sextant for Daml, the blockchain and smart contract management and operations platform provided by Blockchain Technology Partners (BTP), to deliver its cutting-edge post-trade offering.
“We chose Daml as our smart-contract language for its strong potential to embed business logic, and because it enables us to build multiparty business processes easily and rapidly. The fact that it is supported by BTP on our ledger of choice, Hyperledger Besu, was also a main driver for us,” said Jean-Marc Eyssautier, CEO of LiquidShare. “Sextant for Daml has accelerated our time to market by allowing us to focus on customer needs.”
BTP’s Sextant for Daml solution radically simplifies the deployment and management of the Daml runtime environment on distributed ledgers, so innovators such as LiquidShare can focus on the application rather than the underlying infrastructure.
“We are delighted to facilitate such financial innovation by freeing LiquidShare from technology infrastructure frustrations,” said Duncan Johnston-Watt, CEO & Co-founder of BTP. “This is a great use case that showcases the business value of distributed ledgers and smart contracts, by lowering the barrier to entry to capital markets.”
Daml, created by Digital Asset, is an application platform purpose-built for coding complex multiparty business processes. Daml applications provide a robust framework to better manage transactional workflows, resulting in improved operational efficiency, while preserving privacy and trust. This is particularly relevant to capital markets.
“LiquidShare is at the forefront of innovation in post-trade markets,” said Yuval Rooz, Co-founder & CEO at Digital Asset. “Post-trade processes can significantly benefit from the efficiency and trust provided by distributed ledgers and Daml, which is quickly becoming the de facto standard in capital markets. It’s great to see LiquidShare using Sextant for Daml. It is the right platform to help LiquidShare bring its new blockchain-enabled offering to the market.”
Sextant for Daml, developed in partnership with Digital Asset, simplifies the deployment and management of the Daml runtime environment on Hyperledger Besu and Hyperledger Sawtooth, as well as Amazon QLDB, Amazon Aurora and PostgreSQL. It is rapidly emerging as the platform of choice for companies delivering Daml applications in production.