Blockchain and settlement payments technology specialist SETL has announced the completion of its corporate restructuring and has exited administration.
The firm appointedadministrators from Quantuma in early March to restructure its business lines after SETL was unable to supply sufficient capital to sustain its investments in the ID2S (a regulated central securities depository) and IZNES (a record-keeping platform for European funds) platforms.
The previous business entity (SETL Development) is now in the process of being wound down, while the management of the newly-formed SETL Ltd business has acquired the operating assets, the staff and intellectual property rights of the old business.
SETL, whi…
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