Cobalt announces expansion milestones

Cobalt, the FX post-trade processing network based on distributed ledger technology has announced that Citadel Securities and XTX Markets have signed up as Cobalt launch participants.

First Published by e-Forex News: June, 2017

Adrian Patten
Adrian Patten

Cobalt, the FX post-trade processing network based on distributed ledger technology has announced that Citadel Securities and XTX Markets have signed up as Cobalt launch participants. There are currently 22 beta participants on Cobalt’s peer-to-peer network including Citi, which became a Cobalt investor in 2016, and Cobalt’s technology partners including SETL, First Derivatives and Tradepoint. Cobalt also announced the expansion of its core team and the opening of a New York office. 

Adrian Patten, Co-Founder and Chairman of Cobalt, said:  “The expansion of our team, our global reach, and the addition of Citadel Securities and XTX as launch participants following extensive beta testing, combined with our best-in-class technology partners have set Cobalt on a strong growth trajectory.”