Blockchain and settlement payments technology firm SETL has appointed administrators to handle a restructuring of the business.
SETL, which was established by Chi-X founder Peter Randall and appointed the former governor of the Banque De France to its board in January, announced the corporate reorganisation following the completion of a development and investment project in two platforms.
Administrators will separate SETLs software development business line from its investments portfolio, which included the ID2S and IZNES platforms, both based in Paris. ID2S is a regulated central securities depository (CSD) that completed its connection testing to the Target2-Settlement (T2S) platform in October la…
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