Last week IHS Markit
announced that is has completed the integration of the Cobalt post-trade foreign exchange (FX) blockchain platform with its MarkitSERV platform. Simultaneously, IHS Markit revealed a strategic investment in the startup.
While the financial details have not been disclosed, public filings point to IHS Markit investing £4 million ($5.2m) for a 9.5% stake in the company. Around the same time, there was an unidentified investment of £750,000 ($975,000) which may be from the Singapore stock exchange SGX because the share price was the same as the £2m SGX initial investment in May. If the additional investment is from SGX it would increase its shareholding from 4.8% to 6.6%. The investors in these two share issues were not identified in public records filed on 11 January.
The founders Adrian Patten and Andrew Coyne and their families still hold an evenly split 69% of the stock. Other key shareholders are First Derivatives with 7.8%, former Blackrock fund manager Mark Wharrier with 1.4%, and Digital Currency Group with 0.4%.
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