U.K. blockchain startup Setl is about to enter an E.U. settlement system after receiving approval from the French securities regulator to run a central securities depository, the Financial Times (FT) writes Tuesday, Oct. 23.
Setl, which develops blockchain solutions for the financial sector, received a license from the Autorite des Marches Financiers and can now connect to the Target2-Securities platform — a €1 billion pan-European network for securities settlement run by the European Central bank with the aim to increase the speed of cross-border payments.