• Sat, 20 Jul 2019, 10:02 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Former Governor of Banque De France joins board of blockchain startup SETL

Photo: Rex Features

Fri, 18 Jan 2019, 11:26 am UTC

London-based blockchain startup SETL has announced that Christian Noyer, former Governor of the Banque De France, has joined the company’s board of directors.

Founded in 2015, SETL is an institutional payment and settlement infrastructure provider which uses blockchain technology. It aims to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology.

The startup has raised $39 million till date and is backed by Citi, Deloitte, Computershare and Credit Agricole, among others.

The SETL system enables market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.

"In the current environment, SETL’s technological leadership coupled with the deep experience of the team presents an unique and compelling proposition. I look forward to helping shape this extremely interesting initiative,” Noyer said.

SETL’s Chairman, Sir David Walker said that Noyer will bring “a wealth of experience in the financial, regulatory, economic management and central banking world” to SETL.

Philippe Morel, who was named as the new CEO of SETL in October 2018, also welcomed Noyer to the company.

“We believe we have a technological lead in the blockchain for financial markets arena having demonstrated the ability to process billions of transactions a day, and to be able to service over 100 million addresses concurrently. We are unique in having both a financial grade product and a proven deployment route,” Morel said.

"We have already received significant further indications of interest in our OpenCSD product, especially from organisations who are prominent members of competing offerings."

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,592.70 (+2.08%)
  • Ethereum (ETH) $225.68 (+3.04%)
  • XRP (XRP) $0.326400 (+3.12%)
  • Litecoin (LTC) $99.00 (+1.24%)
  • Bitcoin Cash (BCH) $312.29 (+1.79%)
  • Bitcoin (BTC) $10,592.70 (+2.08%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft