SETL Launches Blockchain Solution for Central Securities Depositories
Posted: Tue May 31, 2016 9:32 am
SETL, the institutional payment and settlement blockchain infrastructure startup , today launched of its new OpenCSD platform. The firm’s first commercial offering, the platform enables any market participant to commission and run a permissioned registry service for payments, settlement and clearing of cash and other financial instruments. It is designed with existing and forthcoming regulations in mind (such as the European CSDR) but is not specifically tied to any regulatory model.
The SETL platform is said to enable the interaction of different participants, including custodians, registrars and payment institutions. It can be used co-operatively or deployed by a single institution to maintain registers for ... (read more)