Fluidity
| ISIN | 🆔 |
|---|---|
| Industry | Blockchain |
| Founded 📆 | 2017 |
| Founders 👔 | Michael Oved Don Mosites Sam Tabar |
| Defunct | 2020 |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
Key people | Michael Oved, Don Mosites, Sam Tabar |
| Products 📟 | AirSwap, Tokenized Asset Portfolio (TAP) |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Fluidity was a blockchain technology firm based in Brooklyn, New York.[1] The company built software products and services that enabled financial institutions and broker-dealers to utilize distributed ledger technology.[2][3] It was the primary developer of the decentralized cryptocurrency trading exchange AirSwap.[2][4] Fluidity was founded by Michael Oved[1], Don Mosites[5], and Sam Tabar.[6]
AirSwap[edit]
AirSwap is a decentralized cryptocurrency exchange (DEX) built on the Ethereum blockchain.[7] It was created by Fluidity in 2017 as a joint venture with ConsenSys.[1][7][8] AirSwap employs blockchain-based protocols that enable users to trade cryptographic tokens directly peer-to-peer without intermediaries.[9] Because it is decentralized, users maintain custody of funds until a trade is executed in a single “atomic swap” transaction performed with an Ethereum smart contract.[10][11][12]
On October 10th, 2017, AirSwap launched its own token using AirSwap technology in an initial coin offering (ICO) with proceeds valued above $35 million.[13][14]
AirSwap is advised by Mike Novogratz, former hedge fund manager at Fortress Investment Group[14]; Brock Pierce, founder of Blockchain Capital; Clifford Hart, former U.S. Ambassador and consul general to Hong Kong[14]; and Donna Redel, former chairman of COMEX.
Tokenized securities[edit]
In September 2018, AirSwap entered into an agreement with Propellr, a New York-based broker-dealer, to “tokenize” real estate securities by representing them as Ethereum smart contracts.[3][15] Included in the deal was an agreement to tokenize part of a $30 million luxury real estate property in Manhattan.[16] The project was touted by Bloomberg as the first significant tokenization of real estate[17], and became a Harvard Business School case study.[3]
In November 2018, AirSwap facilitated the first peer-to-peer trade of a tokenized security on a public blockchain platform.[16]
Tokenized Asset Portfolio[edit]
Fluidity developed the Tokenized Asset Portfolio (TAP) that allows for the collateralization of assets such as securities or real estate using decentralized, credit-based borrowing. It is primarily used by MakerDAO for the Dai stablecoin.[18]
Fluidity Summit[edit]
Fluidity hosted the Fluidity Summit in the former Williamsburg Savings Bank in Williamsburg, a neighborhood in Brooklyn, New York, in 2018 and 2019.[19] Fluidity Summit was a one-day conference held in May each year.[20] Fluidity billed the conference as a gathering of “key players in the distributed ledger technology ecosystem” for the purpose of applying blockchain technology solutions to existing financial models.[21] Past speakers included Joseph Lubin, Michael Novogratz, Richard Haas, and Nouriel Roubini.[22]
Acquisition[edit]
In May 2020, Fluidity was acquired by its joint venture partner, ConsenSys.[1][23]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "ConsenSys acquires its joint venture partner Fluidity". Messari. 2020-05-22. Retrieved 2020-08-17. Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 Wolfson, Rachel. "A First For Manhattan: $30M Real Estate Property Tokenized With Blockchain". Forbes. Retrieved 2020-08-18.
- ↑ 3.0 3.1 3.2 Di Maggio, Marco; Lane, David; Ma, Susie (2018-12-20). "Fluidity: The Tokenization of Real Estate Assets". HBS Case Collection.
- ↑ Wolfson, Rachel. "Blockchain Technologists And Finance Veterans Collaborate To Bring Blockchain To Capital Markets". Forbes. Retrieved 2020-08-18.
- ↑ Leising, Matthew (2017-09-28). "This 31-Year-Old Is Trying to Revolutionize Cryptocurrency Trading". Bloomberg. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Levitt, David M. (2018-10-02). "Cutting the fat". The Real Deal New York. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ 7.0 7.1 "New Asian crypto exchanges vow to fix hacking problem". Financial Times. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Rabbitte, Pat (2019-02-01). "AirSwap Launch Open-Source DEX Pricing Data Aggregator". The Bitcoin Mag. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Orcutt, Mike (2018-02-22). "When the cryptocurrency bubble pops, these tokens are built to survive". MIT Technology Review. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Tran, Ki Chong (2019-10-09). "What is AirSwap?". Decrypt. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Leising, Matthew (2020-04-23). "Private Securities Trading Joins the Digital Age With Blockchain". Bloomberg. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Lin, Lindsay X.; Foundation, Legal Counsel at Interstellar and Stellar Development (2019-01-05). "Deconstructing Decentralized Exchanges". Stanford Journal of Blockchain Law & Policy.
- ↑ Woods, Tyler (2017-10-05). "East Williamsburg crypto exchange raises $20 million in pre-sale of tokens". Technical.ly Brooklyn. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ 14.0 14.1 14.2 Cheng, Evelyn (2017-10-16). "Fund manager Novogratz agrees to advise ethereum-based digital coin exchange". CNBC. Retrieved 2020-08-18.
- ↑ "AirSwap And Propellr Will Tokenize The Real Estate". FT Reporter. 2018-09-13. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ 16.0 16.1 Fries, Tim (2019-05-12). "Fluidity to Launch Ethereum-based Tokenized Mortgages in California and New York". The Tokenist. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ "Blockchain Takes Manhattan". Bloomberg. 2018-11-12. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Campbell, Lucas (2020-05-27). "ConsenSys Acquires Fluidity - Primary Developer Team Behind AirSwap". DeFi Rate. Retrieved 2020-08-18.
- ↑ Moskov, Alex (2018-05-05). "Fluidity Summit 2018: Blockchain and the Future of Finance". CoinCentral. Retrieved 2020-08-18.
- ↑ "Snoop Dogg, Jack Dorsey bring crypto to masses during Blockchain Week". PaymentsSource. 2018-05-14. Retrieved 2020-08-18.
- ↑ "Fluidity: Rebuilding Finance for a Frictionless World". Fluidity. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ "Brooklyn resurfaces as New York's Cryptolandia". The National. 2018-05-21. Retrieved 2020-08-18. Unknown parameter
|url-status=ignored (help) - ↑ Earley, Kelly (2020-05-26). "New York blockchain business ConsenSys acquires Fluidity". Silicon Republic. Retrieved 2020-08-18.
External links[edit]
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