What Is the Liquid Federation?

The Liquid Federation is a global consortium of Bitcoin-focused organizations that co-manage the Liquid Network, a Bitcoin sidechain designed for fast, confidential, and programmable financial transactions.

The Federation’s members span exchanges, infrastructure providers, fintech companies, and wallets, all working together to build scalable financial tools on Bitcoin. As of 2025, the Federation includes 81 member organizations, with governance executed through a three-board system and network security handled by 15 functionary operators.

Why Is It Important That JAN3 Is Part of It?

Bitcoin adoption is shifting from the individual to the institutional level. As countries, companies, and capital markets begin exploring Bitcoin-native infrastructure, it's essential that the platforms they use remain mission-aligned.

JAN3’s active role in the Liquid Federation ensures that Bitcoin-first principles remain at the heart of Liquid’s development rather than altcoin speculation, platform bloat, and regulatory shortcuts. Our growing involvement also strengthens Liquid as a tool for nation-state adoption, financial inclusion, and Layer 2 innovation, all core to JAN3’s mission.

The JAN3 Members on the 2025 Boards

This year, JAN3 continues to have two key leadership roles within the Liquid governance boards since 2023:

• Samson Mow, JAN3 CEO, has been elected to the Technology Board, where he will help guide Liquid’s protocol roadmap.
• Michael Rosen, JAN3 Chief Business Officer, will serve on the Membership Board, focused on evaluating new applicants and maintaining alignment across members.

Their participation reinforces JAN3’s commitment to growing Bitcoin's second layer in a way that is scalable, secure, and user-first.

2025 Liquid Federation Board Composition

For more information about the Liquid Federation Board, its members, and its new organizations in 2025, check out the official announcement here: https://blog.liquid.net/liquid-federation-expands-to-81-members-and-elects-boards-for-2025/

What Did the 2024 Boards Accomplish?

Last year’s boards laid important groundwork for the future of Liquid:

• Technology Board:
  • Implemented ELIP 200 (DiscountCT) to reduce CT fees by up to 90%
  • Introduced ELIP 201 (DustCT) with a 21-sat minimum output
  • Proposed support for USDt-based transaction fees, now under development
• Membership Board:
  • Approved 14 new members
  • Introduced a Letter of Intent (LOI) requirement for applicants
  • Removed several inactive members to maintain active governance
• Oversight Board:
  • Led a platform migration to improve operational security

AQUA and JAN3’s Vision for Liquid

At JAN3, Liquid isn’t just a network we support, it’s infrastructure we’re building on. Through our mobile wallet AQUA, we’re helping users around the world access the power of Bitcoin’s Layer 2 with tools that are simple, secure, and self-custodial. Whether it’s sending USDt, managing L-BTC, or preparing for future Bitcoin-native financial tools, AQUA serves as the gateway.

By contributing to governance, product development, and real-world deployment, JAN3 is helping Liquid become the standard for Bitcoin-based capital markets.