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Former State Street lead launches blockchain startup

Thursday 19 May 2016 11:47 CET | News

State Street’s former blockchain lead for Europe and the Middle East has launched a new startup focused on using blockchain technology to redesign the securities services industry.

Dubbed RISE Financial Technologies, the startup is seeking to provide distributed ledger technology that provides data integrity and immutability to financial trades in a way that is in harmony with existing bank processes.

Led by CEO Thorsten Peisl, RISE is said to be actively testing its solutions with financial institutions including banks, custodians and central securities depositories (CSDs).

Given the recent concerns about confidentiality within distributed ledger environments, RISE said it has built its technology so that different parties have different levels of access to information stored with its ledger tech.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions
Categories: DeFi & Crypto & Web3
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DeFi & Crypto & Web3






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