Delta Capita Launches New Distributed Ledger Service Joint Venture
According to reports, Delta Capita, a capital market service provider, has announced the launch of its new distributed ledger service joint venture and acquired the capital markets
According to reports, Delta Capita, a capital market service provider, has announced the launch of its new distributed ledger service joint venture and acquired the capital markets department of blockchain company SETL. Its first project is the development of a blockchain based Central Securities Depository (CSD) for Montis, a subsidiary of the digital asset exchange Archax, which is supported by abrdn.
Delta Capita acquires SETL Capital and launches DLT department
Delta Capita, a capital market service provider, has announced its latest acquisition and the launch of a new distributed ledger service joint venture. The firm has acquired the capital markets department of blockchain company SETL and will be working on blockchain-based solutions for capital market clients. Its first project is the development of a blockchain-based Central Securities Depository (CSD) for Montis, a subsidiary of the digital asset exchange Archax, which is supported by abrdn. In this article, we explore what this new joint venture means and how it may impact the capital market industry.
What is Delta Capita?
Delta Capita is a consulting firm that specializes in financial services. It offers regulatory compliance, product development, and implementation services, among others, through its diverse team of experts. The firm is known for providing innovative solutions for the capital market industry that facilitate growth, cost efficiency, and compliance.
Delta Capita’s Acquisition of SETL’s Capital Markets Department
Delta Capita has acquired the capital markets department of SETL, a blockchain company that was founded in 2015 to provide blockchain solutions for the financial industry. SETL has developed a blockchain-based settlement and payment platform that allows near-instantaneous settlement and clearances for various asset classes. The acquisition is expected to enable Delta Capita to expand its blockchain expertise and service offerings, particularly in the capital market industry.
Delta Capita’s New Distributed Ledger Service Joint Venture
Delta Capita’s new distributed ledger service joint venture follows the acquisition of SETL’s capital markets department. The joint venture will enable Delta Capita to provide innovative solutions for capital market clients using blockchain technology. The firm’s first project is already underway, with the development of a blockchain-based Central Securities Depository (CSD) for Montis.
Montis’s Blockchain-based Central Securities Depository
Montis is a subsidiary of Archax, a digital asset exchange that focuses on institutional investors. The Montis CSD is being developed using blockchain technology, which will offer a faster and more efficient solution for settling and clearing trades. The CSD will be integrated with the Archax exchange, providing greater security and transparency for trades. The blockchain technology behind the CSD will enable near-instantaneous settlement and clearances, reducing the need for intermediaries, thereby decreasing operational costs for market participants.
Impacts of Delta Capita’s New Joint Venture on the Capital Market Industry
Delta Capita’s acquisition of SETL’s capital markets department and its new distributed ledger service joint venture marks a significant step in the adoption of blockchain technology in the capital market industry. With firms like Delta Capita leading the way, the industry is likely to see a greater use of blockchain technology for settlement, clearing, and other critical infrastructure in the financial market.
Conclusion
In conclusion, Delta Capita’s new distributed ledger service joint venture offers significant opportunities for the capital market industry. The acquisition of SETL’s capital markets department and the development of a blockchain-based Central Securities Depository (CSD) for Montis highlights Delta Capita’s commitment towards providing innovative solutions for capital market clients. With blockchain technology facilitating greater security, transparency, and efficiency in the financial market, we can expect more firms like Delta Capita to adopt the technology in the future.
FAQs
Q: What is Delta Capita?
A: Delta Capita is a consulting firm that specializes in financial services.
Q: What is Delta Capita’s new joint venture?
A: Delta Capita’s new distributed ledger service joint venture follows the acquisition of SETL’s capital markets department.
Q: What is Montis’s blockchain-based Central Securities Depository?
A: Montis’s blockchain-based Central Securities Depository is a faster and more efficient solution for settling and clearing trades. It will reduce the need for intermediaries, thereby decreasing operational costs for market participants.
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