CLS to create DLT cross-asset app platform

The firm ventures beyond FX to cater for the financial sector as a whole

More secure: DL technology has come a long way in the past 1.5 years and is robust, says Ram Komarraju

Foreign exchange settlement infrastructure firm CLS is venturing beyond the FX space, revealing it is working on a proof-of-concept that will create an app store for financial markets based on digital-ledger technology.

CLS says the proof-of-concept is currently in the later stages of testing. Participants include nine financial firms, such as Barclays and Citi, and technology vendors such as Baton Systems, IBM, OpenRisk and SynSwap,

When the platform is eventually rolled out some time in 2019

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