London-based Blockchain Startup SETL Starts Corporate Reorganization – TokenMantra

Credit Agricole SA backed blockchain startup SETL has landed in troubled waters. The company recently appointed administrators to reorganize its business as noted in its corporate insolvency notice. Bloomberg reported that the company would be working with Quantuma LLP to reorganize its business.

A Promising Start Leads Nowhere

About two months ago, the startup appointed the former chief of Frances central bank, Christian Noyer to its board. The company was founded in 2015 to bring blockchain technology closer to the financial services industry.

Several top finance names were linked with the company- including that of David Walker, the ex-chairman of Barclays. The company was founded by Peter Randall, the former stock-exchange executive, an…

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