Today the Cobalt foreign exchange (FX) platform based on distributed ledger technology (DLT) announced that Standard Chartered is in production using the solution for its Prime Brokerage and Executing Broking businesses.
Standard Chartered announced plans to adopt the solution in February last year and followed up with an investment in July 2020.
Other investors include Citi and IHS Markit, which integrated its MarkitSERV solution. Citi and Deutsche Bank are also in production on the Cobalt FX platform.
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