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Hedera Hashgraph and LCX partner to develop infrastructure for digital securities

By Pavithra R

July 20, 2021

  • America
  • Hedera
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Liechtenstein Blockchain Innovator, LCX has announced entering into a strategic partnership with Hedera Hashgraph, a decentralized public network.

Under the collaboration, LCX will expand its Liechtenstein Protocol for the Hedera Hashgraph network to establish a new standard for security tokens and tokenized digital assets.

“It has been wonderful to see the wide array of innovative applications in the Hedera ecosystem. LCX is leading the way in creating blockchain-agnostic standards for the exciting area of digital securities, and by leveraging Hedera’s unique properties of speed, security, and fairness with a low carbon footprint, which will accelerate the adoption of this emerging market,” said Leemon Baird, CTO and Co-Founder of Hedera Hashgraph.

Through the alliance, Hedera envisions leveraging the technology infrastructure of LCX to expand the Hedera Token Service (HTS) with the addition of a new security token standard and provide secure, reliable, transparent, and compliant infrastructure for digital securities to its users. The partnership will enable the Hedera and LCX community to benefit in numerous ways, including:

  • The Liechtenstein Protocol: Implement a new standard for digital securities enabling on-chain and on-token-level compliance on the Hedera network.
  • Security Token Standard: Develop a framework for the tokenization of securities, the infrastructure for security tokens and corporate tokens (permission-based tokens).
  • HBAR Listing on LCX Exchange: Listing of Hedera’s native cryptocurrency, HBAR, on LCX Exchange.

The Hedera Token Service (HTS) offers LCX and its clients the ability to issue and configure tokens on the Hedera platform, taking full advantage of the Hedera network’s native performance, stability, security, and governance. HTS combined with LCX’s compliant token sale manager offers a faster and more efficient alternative to smart contract token creation.

“There is an immediate need for practicable standards for digital securities to help businesses around the world simplify and enhance how they issue security tokens, raise funds or establish new blockchain-powered  financial instruments. LCX’s partnership with Hedera Hashgraph is an important milestone in our efforts to digitize traditional processes and help spur innovation in this critical industry segment for the decades to come,” said Monty C. M. Metzger, CEO and Founder of LCX.

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