<p class="is-style-lead">The Liquid Federation, a consortium of major exchanges, Bitcoin infrastructure companies, and wallet providers, has welcomed six new members.&nbsp;</p><p>Liquid Network, a layer-2 solution enabling the settlement and issuance of crypto assets on Bitcoin, announced in a June 2 <a href="https://blog.liquid.net/liquid-adds-six-new-federation-members-bringing-total-membership-to-67/" rel="noopener noreferrer nofollow">blog post</a> on its official website that Bcademy, Boltz Exchange, Equitas Foundation, JAN3, Maven, and Mifiel have joined the Liquid Federation.&nbsp;</p><p>The new members have expanded the Federation’s total membership to 67, further diversifying its global reach.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/Liquid_BTC/status/1664673118500028422?s=20 </div></figure><p>The six firms joined the Federation following its annual <a href="https://blog.liquid.net/2023-liquid-federation-boards/" rel="noopener noreferrer nofollow">board election</a> on April 18. In the election, each new member had a representative joining one of the three boards that operate and govern the Liquid Network, namely its membership, oversight, and technical boards.</p><p>Liquid stated that adding the six new members will enable the Liquid Federation to expand its global presence, fostering innovation and opening new opportunities for users seeking to transact on Bitcoin’s financial layer.</p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"><iframe title="Issuing Assets on Bitcoin’s Financial Layer" src="https://www.youtube.com/embed/INtyTz2wFm0?feature=oembed"></iframe></div></figure><p>The Network also said that as the Federation matures, its diverse membership and unique contributions will solidify Bitcoin’s <a href="https://crypto.news/bitcoin-transaction-volume-hits-monthly-highs-as-coin-drops-below-27k/" rel="noopener noreferrer nofollow">position</a> as a versatile and accessible financial ecosystem.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> You might also like: </span><a href="https://crypto.news/el-salvador-enlists-the-bitcoin-standard-author-to-aid-in-economic-strategy/" class="cn-block-related-link__link" rel="noopener noreferrer nofollow"> El Salvador enlists ‘The Bitcoin Standard’ author to aid in economic strategy </a></div><h2 class="wp-block-heading" id="strong-lightning-network-grows-global-footprint-strong"><strong>Lightning Network grows global footprint</strong></h2><p>The new members all utilize the Liquid Network in their operations. Bcademy provides Bitcoin-related education, training, consultation, and custom development services in Italy.&nbsp;</p><p>It leverages Liquid’s capabilities to manage fungible and non-fungible tokens, facilitate transfers across Bitcoin’s various layers and side-chains, and offer clients access to Liquid Bitcoin through its OTC service desk.</p><p>Boltz Exchange is a non-custodial bitcoin (BTC) exchange and Lightning Service Provider (LSP). It&nbsp;<a href="https://blog.boltz.exchange/p/launching-liquid-swaps-unfairly-cheap" rel="noopener noreferrer nofollow">enables</a>&nbsp;Lightning node operators to re-balance their channels via Liquid, reducing operational costs in high-fee environments.</p><p>Another new federation member, Maven, exclusively deals with real-world assets on the Liquid blockchain. It was the first marketplace to sell <a href="https://crypto.news/virtual-land-nft-prices-crater-as-crypto-winter-bites/" rel="noopener noreferrer nofollow">real estate</a> as a non-fungible token (NFT), with ownership recorded on Liquid.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>For the first time in history using the Bitcoin layer 2 blockchain Liquid, by <a href="https://twitter.com/Blockstream?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Blockstream</a>, the MAVEN NFT Marketplace, Real Estate Division, recently completed a property sale as an NFT in Central America.<br><a href="https://t.co/x1ll7GzFbD" rel="noopener noreferrer nofollow">https://t.co/x1ll7GzFbD</a><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a><a href="https://twitter.com/hashtag/bitcoinnews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoinnews</a><a href="https://twitter.com/hashtag/realestatenews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#realestatenews</a><a href="https://t.co/X5Au5Q2sfD" rel="noopener noreferrer nofollow">pic.twitter.com/X5Au5Q2sfD</a></p>— MAVEN (@Maven_NFT) <a href="https://twitter.com/Maven_NFT/status/1526919631436271618?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 18, 2022</a></blockquote></div></figure><p>The addition of the six companies to the Lightning Federation comes soon after Binance CEO Changpeng Zhao (CZ) <a href="https://crypto.news/binance-ceo-hints-at-bitcoin-lightning-network-integration/" rel="noopener noreferrer nofollow">hinted</a> at the crypto exchange adopting the L2 scaling solution.</p><p>CZ said in a June 2 Twitter Space that Binance is actively investigating the integration of the Lightning Network into its exchange platform. However, he emphasized that the implementation process is significantly more intricate than it may appear at first glance.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> Read more: </span><a href="https://crypto.news/binance-likely-updated-bitcoin-confirmation-process-on-chain-data-reveals/" class="cn-block-related-link__link" rel="noopener noreferrer nofollow"> Binance likely updated bitcoin confirmation process, on-chain data reveals </a></div>

Liquid Federation expands, aims to strengthen Bitcoin financial infrastructure

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