NEO Global Development invests and partners with Liquefy

NEO Global Development has invested and partnered with tech company Liquefy to develop a NEO-based security token ecosystem

NEO Global Development (NGD) has announced that it will invest and partner with Liquefy to develop a NEO-based security token ecosystem and allow asset owners to issue security tokens based on NEO.

The news was shared with Coin Rivet in a press release. NEO is a leading blockchain protocol that utilises digital identities to tokenise assets and automate the management of tokenised assets using smart contracts. The recent update to NEO 3.0 enables the protocol to scale to build a fully-integrated tokenised economy.

Liquefy is an end-to-end technology solution that provides a seamless experience for asset owners to create security tokens.

Adrian Lai, CEO of Liquefy, said: “It is important to develop a security token standard while the industry is still in its infancy. What separates NEO apart from other pubic blockchain protocols is the integration of NeoID, which allows KYC (Know-Your-Customer), AML (Anti-Money Laundering), and accreditation status to be stored on-chain while maintaining privacy.

“This allows issuers to monitor and maintain records of all transactions in the secondary market to remain compliant in multiple jurisdictions. We are excited to welcome NGD as an investor and a partner to develop a security token ecosystem together and bring innovation to the financial market.”

The Liquefy platform will support NEO and enable NEO stakeholders to gain access to the security token ecosystem. Liquefy is solving a critical pain point in the market by providing an end-to-end investing solution, managing compliance across multiple jurisdictions.

The investment and partnership with Liquefy reiterates NEO’s commitment to developing the security token industry. Earlier this year, NEO formed the Digital Asset Alliance (DAA) to explore, develop, and share insights regarding the security token sector with a consortium of industry leaders such as Republic, Globacap, DLx, and now Liquefy.

Interested in reading more NEO-related stories? Discover more about NEO’s upgraded consensus mechanism which should help improve stability and reliability.

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