Delta Capita Launches New Distributed Ledger Service with SETL Acquisition
According to reports, Delta Capita, a capital market service provider, has announced the launch of its new distributed ledger service joint venture and acquired the capital markets
According to reports, Delta Capita, a capital market service provider, has announced the launch of its new distributed ledger service joint venture and acquired the capital markets department of blockchain company SETL. Its first project is the development of a blockchain based Central Securities Depository (CSD) for Montis, a subsidiary of the digital asset exchange Archax, which is supported by abrdn.
Delta Capita acquires SETL Capital and launches DLT department
Delta Capita, a prominent capital market service provider, is making waves in the financial technology industry with its recent announcement of the launch of a new distributed ledger service joint venture. In addition, Delta Capita has added another feather to its cap by acquiring the capital markets department of blockchain company SETL.
The conceptualization of the project is in its early stages, and its first mission is the development of a blockchain-based Central Securities Depository (CSD) for Montis, which is a subsidiary of digital asset exchange Archax, supported by abrdn.
This article delves into the details surrounding Delta Capita’s latest venture and its impact in the financial technology sector.
Understanding Delta Capita’s New Joint Venture
Delta Capita’s new joint venture will allow financial services companies to connect to distributed ledger technology and make use of it for their business requirements. The joint venture aims to provide clients with tested platforms and services that cater to all their requirements.
According to Delta Capita’s CEO Joe Channer, the joint venture will be an outcome-driven initiative and will allow the firm to offer its clients services to deliver tangible results by implementing technology they require to find the solutions that work best for their enterprises.
Acquiring SETL’s Capital Markets Department
Delta Capita’s acquisition of SETL’s capital markets department is also a milestone worth noting. SETL is known globally to be one of the most significant players in the blockchain industry and has been involved in several pioneering projects.
Combined with Delta Capita’s expertise, the acquisition is expected to bring a more extensive range of services to clients and the financial technology sector.
Delta Capita’s First Project: Building a Blockchain-based CSD
Delta Capita’s first project in collaboration with Archax is the development of a blockchain-based Central Securities Depository (CSD) for Montis. The CSD is the primary infrastructure for securities transactions, and its role is to manage a secure electronic database that records the ownership of securities.
The current CSD systems require updates as they are outdated and cumbersome, making it important to build a more efficient and secure system. The new blockchain-based CSD developed by Delta Capita and Archax will work on improving the infrastructure and making securities transactions faster, more transparent, and more cost-efficient.
Conclusion
Overall, Delta Capita’s latest project is a significant milestone for the financial technology sector. It demonstrates the increased adoption of blockchain technology by legacy firms, and the possibilities of offering more innovative services to clients as the industry evolves.
The acquisition of SETL’s capital markets department and the collaboration with Archax demonstrate Delta Capita’s commitment to bringing innovative blockchain-based solutions and services to the market.
FAQs
Q1. What is Delta Capita?
Delta Capita is a leading financial service consultant that provides technology and managed services solutions to the capital markets industry.
Q2. What is a Central Security Depository (CSD)?
It is a computerized registry that records and manages the ownership of securities.
Q3. What is blockchain?
Blockchain is an immutable distributed ledger that allows for secure and transparent record-keeping.
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