Blockchain Startup SETL Files For Insolvency

Blockchain, News | March 8, 2019 By:

London-based blockchain startup SETL has filed for insolvency with UK authorities and has appointed administrators to oversee the sale of its central securities depository (CSD) subsidiary ID2S to a larger financial services firm.

Launched in 2015, SETL is a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology.