First commercial DL solution to handle 1.4bn daily transactions

World currencies — More compatible: the Cobalt solution will remove potential reconciliation problems between parties to a trade

- Mikael Latreille
- 28 Oct 2016

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By joining their respective strengths, financial technology firm Cobalt DL and distributed ledger specialist SETL are creating the first large-scale commercial post-trade FX solution based on distributed ledger technology, capable of handling some 1.4 billion transactions a day.

Cobalt's platform, which is designed to work effortlessly with all trading venues, will launch in 2017, with 15 institutional FX participants already committed to it.

By creating a single and shared view of each FX

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