Former French central bank boss joins SETL board

The venture was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology

UK-based blockchain technology venture SETL has hired former Governor of the French central bank Christian Noyer as a member of its board of directors.

He says that “in the current environment, SETL’s technological leadership coupled with the deep experience of the team presents a unique and compelling proposition. I look forward to helping shape this extremely interesting initiative.”

Philippe Morel, CEO of SETL, which has received backing from a number of financial institutions including Citi, Deloitte and Credit Agricole, says: “The appointment will assist us in many ways. We believe we have a technological lead in the blockchain for financial markets arena having demonstrated the ability to process billions of transactions a day, and to be able to service over 100 million addresses concurrently.”

“We are unique in having both a financial grade product and a proven deployment route. We have already received significant further indications of interest in our OpenCSD product, especially from organisations who are prominent members of competing offerings.”

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