Management & legal News

Blockchain trade bodies GBBC and PTDL merge

merge puzzle

The Post-Trade Distributed Ledger (PTDL) Group has announced that it will merge with the Global Blockchain Business Council (GBBC).

The PTDL, founded in November 2015, connects major post-trade investment industry players with regulators to share and discuss ideas about how blockchain can change the post-trade arena.

The membership includes almost 40 financial institutions as well as market infrastructure players across the globe.

PTDL’s organizing committee includes members from CLS, HSBC, Janus Henderson, London Stock Exchange Group (LSEG), State Street, and GBBC. The GBBC representative is Sandra Ro who heads up GBBC.

The GBBC is a trade association, founded at the 2017 Annual World Economic Forum in Davos, Switzerland, and brings together institutions and thought-leaders to help further the understanding of blockchain and its potential. One of the organization’s areas of focus is standards and regulations as well as briefing regulators.

The merger aims to increase the interaction between member organizations, improve the engagement with regulators and expand its membership.

Sandra Ro, CEO of the GBBC, said: “We are delighted to be working with PTDL so closely. We are both committed to promoting the advantages of blockchain, and financial services is among those sectors that are set to benefit the most.”

“The membership of PTDL includes some of the brightest minds in the post-trade sector, and we will look to capitalise on this to show even greater insight and thought leadership on how blockchain can revolutionise this marketplace, whilst encouraging collaboration across sellside, buyside, and regulators.”

Michael Coletta, Lead Blockchain Architect, London Stock Exchange Group said: “While DLT focuses on decentralisation, in order to achieve successful adoption across the industry, we need firms across the trade lifecycle to collaborate on innovations. We look forward to advancing PTDL’s efforts and professional network by working with the GBBC.”