In addition, former Nasdaq NLX CEO Charlotte Crosswell joins Cobalt DL as Strategic Advisor to help it forge new partnerships.
Cobalt DL, a BlockchainStartup co-founded by former Traiana CEO Andrew Coyne and former Mako FX owner Adrian Patten for developing an FX post-trade processing network, has just announced Citi is an investor and launch client. Citi thus joins financial technology specialist First Derivatives which invested and partnered with Cobalt DL earlier this year.
Cobalt DL’s FX solution is set to launch in 2017, with 15 institutional FX participants already committed to the service. By creating a single, shared view of a transaction, Cobalt DL promises it will free up back and middle office resources that are currently overwhelmed by the need for continuous reconciliation across multiple systems.
James Bindler, Global Head of G10 FX, Citi, said: “We have been impressed with the way Cobalt DL is redesigning the post-trade FX infrastructure with its practical implementation of distributed ledger technology. The Cobalt DL solution has the potential to significantly improve post-trade services by cutting costs and reducing risk for our industry.”
Andy Coyne, co-founder of Cobalt DL, comments: “We have set out to radically improve the FX post-trade landscape by removing inefficiencies, duplicative legacy infrastructure and processes, as well as reducing significant costs and risks. As we stand at a point of change for the FX post-trade landscape, we are delighted to welcome Citi as one of our investors and as an active market participant when we go live.”
Strategic focus
The company also announced today that Charlotte Crosswell, a former Nasdaq NLX CEO, is joining Cobalt DL as Strategic Advisor with a particular focus on strategic partnerships as it nears launch.
Charlotte Crosswell, Strategic Adviser, Cobalt DL, comments: “I am delighted to be joining Cobalt DL at such an exciting time for the company and the industry. With continued scrutiny on efficiencies within the FX post-trade arena, I believe Cobalt DL is extremely well positioned to drive the changes we expect to see in this industry and deliver on real cost savings for market participants."
Coyne added: “We are thrilled that Charlotte Crosswell has joined the Cobalt DL team as our Strategic Advisor. Given her industry experience and insight, we believe she will be instrumental in forging the right partnerships for the future. Collaborating with Charlotte Crosswell and Citi will help us achieve our aim of transforming the FX post-trade landscape to the benefit of all market participants.”
Cobalt DL, a BlockchainStartup co-founded by former Traiana CEO Andrew Coyne and former Mako FX owner Adrian Patten for developing an FX post-trade processing network, has just announced Citi is an investor and launch client. Citi thus joins financial technology specialist First Derivatives which invested and partnered with Cobalt DL earlier this year.
Cobalt DL’s FX solution is set to launch in 2017, with 15 institutional FX participants already committed to the service. By creating a single, shared view of a transaction, Cobalt DL promises it will free up back and middle office resources that are currently overwhelmed by the need for continuous reconciliation across multiple systems.
James Bindler, Global Head of G10 FX, Citi, said: “We have been impressed with the way Cobalt DL is redesigning the post-trade FX infrastructure with its practical implementation of distributed ledger technology. The Cobalt DL solution has the potential to significantly improve post-trade services by cutting costs and reducing risk for our industry.”
Andy Coyne, co-founder of Cobalt DL, comments: “We have set out to radically improve the FX post-trade landscape by removing inefficiencies, duplicative legacy infrastructure and processes, as well as reducing significant costs and risks. As we stand at a point of change for the FX post-trade landscape, we are delighted to welcome Citi as one of our investors and as an active market participant when we go live.”
Strategic focus
The company also announced today that Charlotte Crosswell, a former Nasdaq NLX CEO, is joining Cobalt DL as Strategic Advisor with a particular focus on strategic partnerships as it nears launch.
Charlotte Crosswell, Strategic Adviser, Cobalt DL, comments: “I am delighted to be joining Cobalt DL at such an exciting time for the company and the industry. With continued scrutiny on efficiencies within the FX post-trade arena, I believe Cobalt DL is extremely well positioned to drive the changes we expect to see in this industry and deliver on real cost savings for market participants."
Coyne added: “We are thrilled that Charlotte Crosswell has joined the Cobalt DL team as our Strategic Advisor. Given her industry experience and insight, we believe she will be instrumental in forging the right partnerships for the future. Collaborating with Charlotte Crosswell and Citi will help us achieve our aim of transforming the FX post-trade landscape to the benefit of all market participants.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!