Share this article
Innovate Finance to Open Blockchain Tech Research Lab
London-based Innovate Finance is opening a blockchain lab in partnership with UK government and IBM-founded Hartree Centre.
Updated Sep 11, 2021, 11:52 a.m. Published Sep 11, 2015, 3:02 p.m.
London-based Innovate Finance is opening a blockchain lab in an attempt to explore the distributed ledger's potential and drive its adoption by financial services companies.
The independent membership association, which seeks to drive the UK's position in the global FinTech sector, will open the centre in partnership with Hartree Centre – a high performance computing and research facility founded by the UK government in collaboration with IBM.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Lawrence Wintermeyer, CEO at Innovate Finance, said in a statement:
“We are excited about the prospect of our members openly collaborating to deliver use cases to the wider community. If we can use the lab to develop open standards for the blockchain in financial services, we will be moving one step closer to accelerating the mass adoption of this breakthrough technology.”
The blockchain lab is due to launch in October and the first batch of prototype use cases are expected to be developed by the end of this year.
According to the company statement, lab participants will attempt to develop practical use cases for distributed ledger technology as well as explore new ways in which it can improve anti-money laundering and know-your-customer guidelines to benefit customers and regulators.
– which has attracted more than 120 members since it launched in 2014 – is the latest organisation to open a blockchain technology research facility.
Earlier this year, Swiss investment bank UBS announced the launch of its own London-based blockchain research lab.
London image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets
Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.
What to know:
- Bitcoin and major altcoins fell further throughout U.S. trading hours as macro uncertainty continued to pressure risk assets.
- Many crypto-related stocks, including leaders Coinbase and Strategy, posted deeper slumps than crypto itself.
- Wintermute's Jasper De Maere suggested the decline is and should remain orderly.
Top Stories
