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.

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. The SETL system maintains a permissioned, distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.

Peter Randall, SETL CEO said: “We are thrilled to win the award for Hottest Blockchain Startup. We set out to tackle the procedural inefficiencies in financial services, taking payment and settlement as our starting point. Along the way we have discovered multiple use cases for our market leading blockchain technology, from a consumer payment card to securities registration and foreign exchange. We welcome the recognition from the wider technology industry as SETL’s technology has a wealth of applications in financial services and beyond.”