Blockchain startup SETL completes corporate restructuring programme
Troubled blockchain startup SETL has completed its corporate restructuring programme, the company said in a press release dated May 03.
Founded in 2015, SETL is an institutional payment and settlement infrastructure provider which uses blockchain technology. It raised $39 million till date and is backed by Citi, Deloitte, Computershare and Credit Agricole, among others.
However, in a turn of events, the company filed for insolvency with the UK authorities in March this year. It said at the time that it was seeking to sell off its subsidiary ID2S, the regulated central secu…
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