|Headquarters||London, England, U.K.|
|Key People||Sir David Walker, chairman; Peter Randall, president; Philippe Morel, CEO; Pierre Davoust, CEO (France)|
|Products||SETL blockchain-based data storage system|
SETL is a project that seeks to improve the process of settlement by using blockchain technology to make back-office processes more efficient. Unlike many existing blockchains, its core technology does not use digital tokens or cryptocurrency, and is specifically designed to remove the user anonymity of most existing blockchains.
SETL's blockchain is designed to be interoperable with existing data systems in the financial services industry; according to the company's website, it is designed to have the ability to communicate with commonly-used software applications for digital trading like ISO (MX) and SWIFT (MT), as well as with other industry standard tools such as workflow engines.
In February 2018, the company opened an office in Paris, France. The move was reportedly to expand the range of SETL's services from the U.K. to the French market and other regions in Europe. Pierre Davoust, former deputy head of the financial markets unit at the French treasury, was named CEO of the company's French business. In October, SETL received a license from the primary securities regulator in France, Autorité des Marchés Financiers. The license granted SETL permission to operate a central securities depository in France, allowing them to access the Target2-Securities software platform, a European Central Bank project that is seeking to increase the speed of cross-border payments.
- About Us. SETL.
- About Us. SETL.
- UK Blockchain Startup to Enter EU Settlement System After French Regulator’s Approval. Cointelegraph.
- Institutional Financial Blockchain Firm SETL Opens Paris Office. Finance Magnates.
- Blockchain technology poised to enter European settlement system. Financial Times.
- Blockchain startup for settlements has been granted a license. Business Insider.