Today it was announced that Standard Chartered has invested in the Cobalt foreign exchange (FX) post-trade platform after signing up as a customer in February. Cobalt uses distributed ledger technology (DLT).
Six months ago, Citi went live on the platform, having invested back in 2016. Other major investors include IHS Markit and the Singapore Exchange, and significant platform users are Deutsche Bank and Saxo Bank.
Note: we are experimenting with some articles, publishing the announcement, sometimes prefixed with a brief commentary.
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