Liquity AG is the Swiss developer of the Liquity borrowing protocol, issuer of the decentralized stablecoins LUSD (V1) and BOLD (V2), both backed by crypto collateral.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| LUSDLiquity USD | Crypto Backed | Active | $26M |
| BOLDBOLD | Crypto Backed | Active | $38M |
| Legal name | Liquity AG |
| Headquarters | Zurich, Switzerland |
| Stage | Private |
| Ticker | LQTY |
| CEO | Michael Svoboda |
| Founders | Robert Lauko, Rick Pardoe |
| Key investors | Pantera Capital |
| Funding rounds | Round Series A · Amount $6M · Year 2021 · Investors: Pantera Capital |
| Key events | Date 2021-03 · Event Series A led by Pantera Capital; LUSD (Liquity V1) launchedDate 2025-05 · Event Liquity V2 launched, introducing BOLD backed by ETH and liquid-staking tokens |
| Website | https://www.liquity.org/ |
Liquity AG is the Zurich-based organization behind the Liquity borrowing protocol, a decentralized system for issuing US-dollar stablecoins against crypto collateral without a central intermediary.
Liquity V1 issues LUSD against ETH collateral under an immutable, governance-free design. Liquity V2 introduced BOLD, backed by ETH and selected liquid-staking tokens, with borrower-set interest rates.
No issuer-level financial-services license or registration was identified for the protocol's stablecoins.