SETL Partners With Cobalt DL For FX Post Trade Solution - Distributed Ledger FX Post Trade System Will Reduce Costs And Alleviate Reconciliation Issues

SETL, the London based financial blockchain specialist, and Cobalt DL, a private peer-to-peer network that reduces post trade cost and risk for financial market participants through distributed ledger technology, today announced a partnership to deploy the SETL OpenCSD within the Cobalt FX post trade platform. The service is set to launch in 2017, with 15 leading institutional FX participants already committed to the service.