April 29, 2019
Liquid Group has entered a joint venture with Virtual Currency Partners to expand the Liquid.com platform into the U.S., according to a press release.
The joint venture company, called Liquid Financial USA Inc., will acquire a FinCen-registered money service, thus allowing the company to operate in the U.S. Liquid, with offices in New York and Atlanta, will make its native token, called Qash, available for utility and trading in the U.S.
"The U.S. 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 support the U.S. market," Mike Kayamori, co-founder and CEO of Liquid.com, said in the release.
The announcement comes less than a month after the announcement by Liquid.com of a Series C funding round led by IDG Capital that valued the company at more than $1 billion.
VCP, led by chairman Barry Schiffman, is a consortium of investors and cryptocurrency partners who operate in the crypto and virtual currency space. Schiffman was executive managing director at Jafco Ventures, the U.S.-arm of Japanese venture capital firm Jafco.
Liquid USA officials are working on regulatory approvals and plan to start onboarding U.S. customers in January.
Topics: Bitcoin, Mobile Payments, Region: Americas, Region: APAC, Regulatory Issues
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