Delta Capita acquires SETL capital markets business

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Delta Capita is setting up a distributed ledger venture, acquiring the capital markets business of blockchain firm SETL, and signing up Montis Group as an anchor client and minority investor.

Using blockchain technology, Montis, a division of Archax, is creating a central securities depository service that can handle the settlement of tokenized assets in debt and equity markets. The CSD infrastructure is planned to go live in Q4 and will be available to issuers, exchanges, other trading venues, and market participants around the world. It is designed to be blockchain agnostic.

It was a component of a partnership between the French fund management platform IZNES and the distributed ledger technology (DLT)-based central securities depositary ID2S to establish a post-trade structure.

Read More: Delta Capita buys SETL capital markets business

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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