Peter Randall, SETL
London - SETL, the financial blockchain specialist, has announced the opening of its Global Engineering Centre in Ipswich, UK. Ten new staff have been recruited to work in the new office and to support SETL's international expansion, bringing SETL's total worldwide workforce to 24.
The new team includes blockchain technology architects and specialists for server systems analysis, enterprise storage, web development, integration and project management. SETL operations in Ipswich will be overseen by CTO Nicholas Pennington.
SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned, distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.
Peter Randall, CEO of SETL, noted: "Since we launched in 2015, SETL has continued to expand rapidly, with new blockchain products and initiatives. Our new engineering centre will be the powerhouse that supports our growth ambitions as we deploy blockchain projects globally."