Media: Payment blockchain startup SETL filed for bankruptcy London-based blockchain company SETL has filed for bankruptcy, writes CoinDesk.

Media: Payment blockchain startup SETL filed for bankruptcy

London blockchain company SETL filed for bankruptcy, writes CoinDesk.

The news, which became known from the insolvency statement filed by the startup to the British authorities, is quite unexpected, given that in October last year, SETL received a license from the French securities market regulator to operate as a central depository using blockchain technology..

The firm was co-founded by a renowned trader from the City of London, Peter Randall. Also last October, SETL appointed former Goldman Sachs banker Philippe Morel as its CEO. In 2015, former Bank of England CEO David Walker became SETL chairman.

According to Crunchbase, SETL raised $ 39 million in three rounds of fundraising.The latest investment round took place in February 2018 with the participation of Citi and Credit Agricole, which became shareholders of the company..

Randall previously served as CEO of Chi-X Europe, a listed company later sold to Cboe Global Markets. In 2015, he opened SETL to create payment optimization solutions using distributed ledger technology..

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