Today, key players in the Bitcoin market, including exchanges, payment processors, traders, and remitters, experience delays when moving bitcoin between accounts in different locations. We refer to this as Interchange Settlement Lag (ISL) – a host of liquidity inefficiencies including latency and confirmation times that hinder the overall prospects of the Bitcoin ecosystem.

https://blockstream.com/2015/10/12/introducing-liquid.html

This excerpt is from 2015. Reading lukejr's latest commits, I feel really uncomfortably regarding possible conflicts.