Today Cobalt announced that Standard Chartered plans to join its foreign exchange (FX) post-trade platform based on distributed ledger technology (DLT). Earlier this month, the firm announced that one of its investors, Citi, plans to go live.
The solution went into production last September with major users Deutsche Bank, XTX and Saxo Bank.
Cobalt enables a reduction of reconciliation by providing a single shared ledger for transactions and supports netting.
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