Sky News: A former deputy governor of the Bank of England is joining new blockchain company

posted almost 6 years ago
A former deputy governor of the Bank of England and ex-head of the media regulator are joining a financial technology start-up which claims it will revolutionize the global payments industry.

Setl will announce in the next few days that it has recruited Rachel Lomax and Ed Richards, two prominent figures from the business world, to join its board. They will join Setl's chairman Sir David Walker, the former chairman of Barclays who also served as an executive director at the Bank of England.

Their appointments will add credibility to a company which has already demonstrated that it can process in excess of one billion transactions daily.

Sources said that Setl had also raised more than £20m from a consortium of shareholders, which include Setl's users, although their identities are unlikely to be disclosed.
Tags: news, blockchain