Update (12:10 UTC, March 7): This article has been updated with statements from a SETL press release received after publication.
London-based blockchaininfrastructure company SETL has filed for insolvency and is looking for a larger financial services firm to take on some of its holdings.
The newsrevealed in a notice of insolvency filed today with the U.K. authorities comes as something of a shock given that, last October, the startup company was granted a license by Frances securities regulator to operate a central securities depository (CSD)system using blockchain tech.
The firm, whichwas co-founded by City of London trading veteran Peter Randall back in 2015,said in a statement:
Having made an early investment in the de…
Read the full article at: https://www.coindesk.com/blockchain-settlement-startup-setl-has-filed-for-insolvency