Computershare and SETL Announce Joint Blockchain Initiative for Australian Market

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Computershare and SETL, the Blockchain startup founded by former Chi-X chief Peter Randall, have announced a joint initiative to establish securities ownership registers using Blockchain technology.

The joint initiative will focus initially on the Australian market and will examine the practicalities of establishing an immutable register of securities ownership using Blockchain technology.

Computershare will play the lead role in bringing together issuers, asset owners, brokers, regulators and market infrastructure providers to propose an open platform which meets the needs of all industry participants. SETL will provide its Blockchain technology and expertise to establish a financial-grade solution for this initiative in Australia.

“Computershare is uniquely placed to appreciate how Blockchain technology will be specifically applied in maintaining ownership registers. We are already the keeper of definitive legal ownership – the ‘Golden Record’ – for our issuer clients and their stakeholders,” stated Paul Conn, President of Global Capital Markets for Computershare. “We chose to work with SETL because they have demonstrable working technology coupled with a deep bench of financial services expertise and experience.”

Peter Randall, the CEO of SETL stated:

“We are excited to be working with Computershare on this joint initiative. They have an unrivalled position in understanding the needs and requirements of issuers and owners alike. Their focus on client servicing and their understanding of the lifecycle of securities issuance and ownership makes them natural leaders in this field.”

The initial phase will engage a “broad group of participants” and will be used to build on SETL’s existing working prototype for transferring ownership of securities. The result is expected to be an open platform which can meet a variety of needs including those of issuers, owners, brokers, custodians, regulators, market infrastructure providers and registrars.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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