Blockchain-Powered Settlement Heavyweight Gets Green Light from Major French Regulator

Alex Dovbnya
Autorité des Marchés Financiers, the main French securities watchdog, licensed Setl, startup poised the current settlement system with its Blockchain-powered solution
Blockchain-Powered Settlement Heavyweight Gets Green Light from Major French Regulator
Cover image via U.Today

Financial Times reports that the Autorité des Marchés Financiers, the main French securities watchdog, has recently licensed Setl, a heavyweight fintech startup that is poised to disrupt the current settlement system with its Blockchain-powered solution. This approval is of significant importance since now the company has the ability to connect to T2S, a major European securities settlement engine.   

OpenCSD platform is the first commercial project of Setl that is already expected to go live next year. The London-based startup, which has the former chairman of Barclays on its team, earlier claimed that it had come up the very first Blockchain platform that can be adopted by financial institutions without the need to develop their own technology.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.