Citigroup, the global financial services giant, announced that it has acquired a stake in the blockchain startup SETL. In fact, just three weeks ago, the French Agricultural Credit Bank, one of the French banking giants, also acquired a small stake in the company. Other financial sectors include Computershare, Deloitte, and the banking service company S2iEM.
SETL specifically mentioned that Computershare has increased the proportion of its shares, and the company's CEO, Stuart Irving, will join the SETL board of directors. According to a statement issued by SETL, the cooperation between the two parties can significantly enhance their strength.
Peter Randall, CEO of SETL, said that when he talked about this investment, he said:
“We are pleased to announce that we have added a number of partners to the company’s shareholder list, and we have reached a consensus on a series of revenue-generating projects.â€
SETL was founded in 2015, and founder Pete Randall was the CEO of Chi-X, the equity exchange, which used its licensed ledger technology to promote the flow of funds and other assets between the banks. Various types of transactions have become easier.
Last month, OFI Asset Management announced the trial operation of the IZNES fund record keeping system developed by SETL.
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