Bitcoin Exchange Liquid.com Plans Global Market Expansion via Liquid Financial USA Partnership
The two well known crypto platforms VCP, Virtual Currency Partners and Liquid.com have just announced their new jointly owned entity, one that they have referred to as the Liquid Finance USA Inc.
The move was to enable the new body to be able to expand its liquid services within the US market.
More on the new venture, the Liquid USA
The new venture has been created to represent the platforms expansion plans into some of the key markets within the crypto space. But this is not all as the company has an ongoing fundraiser that was able to value the company to about $1 billion.
The company will be able to penetrate the market through their holding company, which is the Liquid Group Inc.
There is a lot to expect from the VCP platform
The VCP has been established with a group of entrepreneurs and investors who are getting into the investment of crypto and the fintech industries. The company is led by Chairman Barry Schiffman who has been able to acquire more than30 years’ experience in the business of investing in the high growth companies.
He has been able to acquire extensive US and Japan experience over the years, and the continued support from JAFCO has uniquely positioned the Liquid company headquarter based in Tokyo to enter the US market easily. Not forgetting the company has been able to get long backing from their investors.
The parties involved have a very strong commitment to the technology, resources and the capital needed to ensure the Liquid USA acquires the FinCen-registered money service.
Once they have been able to obtain this, the company will be able to access the US market easily. At the moment the company is working tirelessly to acquire the needed approvals while still building out its team. All this is with the expectation that they will be able to do adequate onboarding of the US clients by the year 2020.
“The US is one of the world’s largest markets for cryptocurrency and we have received widespread expressions of interest from our community, corporate and institutional customers to serve the US market. This joint venture and the acquisition of IQX represents our commitment to expand in the US, and we look forward to working closely with Virtual Currency Partners to accelerate our platform growth. I am personally honored and excited to be working again with Barry Schiffman, the Co-founder and former Executive Managing Director at Globespan Capital Partners, a mentor of mine from my days at Globespan dating back to 2003.’’ Liquid Co-founder and CEO Mike Kayamori