PRESS RELEASE, London, 19 February 2018

SETL announces new shareholders and new board appointment

London, 19 February 2018: SETL, the London based institutional payment and settlement infrastructure provider which uses blockchain technology, announced that Citi and Credit Agricole have both taken stakes in the company. Additionally, Computershare have increased their investment, and Stuart Irving, Group CEO of Computershare has joined the board.

Citi and Credit Agricole Investment Bank, join Computershare, S2iEM and Deloitte as shareholders in the company.

SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. 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 SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.

SETL's Chairman, Sir David Walker, said: "I am delighted to welcome Mr Irving to the board and to thank our existing directors for their guidance and counsel over the past two years. Stuart Irving bring a wealth of experience in the financial, regulatory, IT and public company spheres. His contribution to the board process will be of significant benefit to the executive team and shareholders and stakeholders alike.

With the encouragement of shareholders and the revenue generating projects we have recently announced we are adding significantly to the strength to the company. At this stage in the company's development it is important to choose the right projects and to deliver a dependably resilient product to the market."

Stuart Irving noted that Computershare, the leading global share registrar, is convinced that the future of building systems that record ownership depends on them having provability at their core; and that this feature of the SETL offering is a significant competitive differentiator.

Peter Randall, CEO of SETL, added: "We are pleased to announce that we have extended our shareholder register with both new and existing partners and have agreed the scope of a number of revenue generating projects.

We are unique in having both a financial grade product and a proven deployment route. SETL has successfully deployed multiple environments capable of processing in excess of 80,000 transactions per second across real world, globally distributed networks with over 100 million concurrent accounts.

As a result of this technological capability SETL have already received significant further indications of interest in our OpenCSD product. SETL continues to develop market infrastructures, like IZNES, which now has over 20 major European fund managers and is likely to become the largest global blockchain by both value and volume as more managers migrate to it.





PRESS RELEASE, Paris, London, 11 January 2018

SETL and OFI AM process blockchain transactions on IZNES fund record-keeping platform

Paris, London 11 January 2018: IZNES, the pan-European record-keeping platform for funds powered by SETL’s blockchain technology, has now started to process live transactions. OFI Asset Management has successfully used the IZNES system in a series of trials with selected clients. Following the development and integration of the IZNES platform with OFI Asset Management. Other asset managers in the IZNES initiative include Groupama AM, La Financière de l’Échiquier, and Arkéa Investment Services and more firms are continuing to join.

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PRESS RELEASE, Paris, London, 15 September 2017

SETL and four asset management firms are launching IZNES, the pan-European fund record-keeping platform based on blockchain technology

Paris, London 15 September 2017: SETL and four asset management firms announced today the launch of IZNES, the pan-European fund record-keeping platform based on blockchain technology

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PRESS RELEASE, London, 14 June 2017

SETL is leading Blockchain at the TechCrunch Europas Award

London, 14 June 2017: SETL, the financial blockchain specialist, won the award for ‘Hottest Blockchain Startup’ at the Awards held in London on 13 June 2017.

Founded in 2009, The Europas are the premier awards for Europe’s hottest tech startups. The Awards celebrate the most forward thinking, progressive and innovative tech companies across over 20 categories. While the awards concentrate on the newest companies on the scene, they also bring together the mid and late stage technology startups, as well as leading investors in the EMEA region. The Europas are editorially driven, independent awards, judged by the community itself.

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PRESS RELEASE, London, 15 February 2017

SETL announces the launch of its Global Engineering Centre and expansion of its technology team

London 15 February 2017: SETL, the financial blockchain specialist, today announced the opening of its Global Engineering Centre in Ipswich, UK. Ten new staff have been recruited to work in the new office and to support SETL’s international expansion, bringing SETL’s total worldwide workforce to 24. The centre was officially opened by Ben Gummer, Member of Parliament for Ipswich and Minister for the Cabinet Office and Paymaster General and by Chairman of the SETL board Sir David Walker.

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PRESS RELEASE, London, 15 November 2016

SETL, Deloitte and Metro Bank put Sterling onto the Blockchain for Consumer Payments.

London 15 November 2016: SETL, Deloitte and Metro Bank completed a series of firsts this week in London. SETL provided a contactless smartcard enabled blockchain allowing digitised payments, Deloitte exercised its blockchain ID system known as Smart Identity and Metro Bank hosted a connected client account. In an initial test, over 100 users were issued with contactless smartcards and used them to make purchases from merchants equipped with contactless terminals. Consumers and merchant balances were updated live-time with all balances held at Metro Bank.

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PRESS RELEASE, London, 10 November 2016

SETL appoints Martin Clements, cyber security expert, to its board

London 10 November 2016: SETL, the London based financial blockchain specialist, has appointed national security expert Martin Clements CMG OBE to its board.

SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions.

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PRESS RELEASE, London, 26 October 2016

SETL partners with Cobalt DL for FX Post Trade Solution

London, 26 October 2016: 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.

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PRESS RELEASE, London, 15 July 2016

SETL Completes Initial Funding and Announces Board Appointments

London, 15 July 2016: SETL, the London based institutional payment and settlement infrastructure based on blockchain technology, announced the completion of its first round of private fundraising today.

SETL also announced additional appointments to its board. Rachel Lomax, former Deputy Governor of the Bank of England and Ed Richards, former CEO of Ofcom, join the SETL board, following the appointment of Sir David Walker as SETL Chairman in December 2015. The company will also shortly announce the name of a further appointment to the Board, who is an experienced executive board member and non-executive in government, including at agencies in the national security sector.

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PRESS RELEASE, London, 1 June 2016

SETL Launches Blockchain-Powered OpenCSD Platform

SETL OpenCSD enables market participants to run permissioned registry service for payments, settlement and clearing of cash and other financial instruments

London, 1 June 2016: SETL, the institutional payment and settlement infrastructure based on blockchain technology, has today announced the launch of its blockchain-powered OpenCSD platform. The OpenCSD platform, SETL’s first commercial offering, enables any market participant to commission and run a permissioned registry service for payments, settlement and clearing of cash and other financial instruments. The platform is available today and powered by the SETL blockchain technology, which has been benchmarked to settle billions of transactions a day in real-time.

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PRESS RELEASE, Melbourne, 28 April 2016

Computershare and SETL demonstrate Australia’s first working blockchain solution

Computershare (CPU: ASX) and SETL have today demonstrated Australia’s first working blockchain capital markets solution at Computershare’s annual Investor and Analyst day. The two companies are also pleased to announce a joint initiative to establish securities ownership registers using blockchain technology.

Computershare is the globe’s leading provider of share registrar and receiving agent services to issuers and plays a crucial role in maintaining accurate and complete records of securities including both dematerialized and certificated ownership. SETL is a firm dedicated to bringing blockchain technology to the post-trade environment and has developed its offering to provide financial-grade solutions – including identity, permissioning, smart-contracts and scalability.

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PRESS RELEASE, London, 15 December 2015

Sir David Walker joins SETL as Chairman

SETL also appoints Professor Philip Bond as head of Cryptography and Cyber Security, and Caroline Silver, Moelis & Company, to manage fundraising

SETL, the UK based institutional payment and settlement infrastructure based on blockchain technology, has today announced the appointment of Sir David Walker as Chairman.

Sir David Walker is a former Executive Director of the Bank of England and has served as the chairman of Barclays, Morgan Stanley International, the Securities and Investment Board and as deputy chairman of Lloyds TSB. Before his career in financial markets, Sir David served as an Assistant Secretary to the Treasury, for the UK Government. Sir David Walker is a senior member of the influential G30 group which considers and promotes advancements in international payments and settlements.

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PRESS RELEASE, London, 12 October 2015

SETL breaks through 1 billion transactions per day on blockchain

SETL, the institutional payment and settlement infrastructure based on blockchain technology, has today announced that it has established a test network which has broken the 1 billion transactions-per-day capacity barrier for blockchain movements.

SETL also gave more detail of its technology strategy, revealing it had developed novel techniques, to allow it to process transactions in a parallel and effectively remove practical constraints on volume. Anthony Culligan, the SETL CEO, stated, "We are determined to stay on the front foot in technology development and will continue to incorporate the best techniques in our developments. We have a laser focus on financial services ". Culligan further added, "We are not running on a third party platform or powered by an off-the-shelf technology. We develop at the source code level to give us absolute control over how we can deliver our service. Less than 0.5% of our current codebase is licenced technology. This announcement demonstrates the benefits of the approach."

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PRESS RELEASE, London, 27 July 2015

Introducing ‘permissioned’ blockchain technology to the post-trade environment, designed with financial market operators in mind.

SETL today announced its plans to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.

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SETL in the Press




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SETL Development Limited, Company Number 09704844,
Registered Office 1 Love Lane, London, England, EC2V 7JN,
"SETL" is a registered trade mark of SETL Development No. 015010788. Copyright 2015,2016