Cobalt signs Citadel Securities and XTX, and gears up for go-live

Distributed ledger technology firm hires support staff, suggesting launch is approaching

Gold Globe
Global expansion: Cobalt aims to cut post-trade costs by billions of dollars

Distributed ledger-based FX post-trade processing company Cobalt is gearing up to go live, signing two large non-bank liquidity providers (NBLPs) as launch participants, as well as opening an office in the US and hiring three senior staff, FX Week has learned.

Citadel Securities and XTX Markets have joined the project as go-live participants, marking a milestone for Cobalt, whose members have until now mainly consisted of banks. The two NBLPs join 22 companies that have beta-tested Cobalt’s

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