Share this article
Banks Buy Stakes in Blockchain Startup SETL
Citi joined Credit Agricole, Computershare, S2iEM and Deloitte as shareholders in the blockchain-based payment and settlements startup SETL.
By Nikhilesh De
Updated Sep 13, 2021, 7:35 a.m. Published Feb 19, 2018, 5:20 p.m.
Financial services group Citi has bought a stake in blockchain startup SETL.
The move, announced today, comes less than three weeks after the French banking institution Credit Agricole also became a minority shareholder. Other investors in the startup include Computershare, Deloitte, and banking company S2iEM.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SETL noted that Computershare had boosted its stake in the blockchain startup, and that Stuart Irving, Computershare's group CEO, is joining its board of directors. In statements, the startup suggested that, combined, it was "adding significantly to the strength [of] the company."
"We are pleased to announce that we have extended our shareholder register with both new and existing partners and have agreed the scope of a number of revenue generating projects," Peter Randall, SETL's CEO, said of the investments.
The startup aims to facilitate the movement of cash and other assets between two parties using a permissioned ledger it developed. This, in turn, would make it easier to match and settle different types of transactions.
SETL previously trialed its platform with OFI Asset Management earlier last month through the startup’s IZNES fund record-keeping system, as CoinDesk previously reported.
, the startup was founded by former executives from the finance space, including Randall, who is the former CEO of the Chi-X equity exchange.
Business miniatures 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
Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision
Bitcoin surrendered gains from earlier in the week, fell back toward $90,000 as traders braced for Wednesday’s Federal Reserve rate decision.
What to know:
- A 25 basis-point interest-rate cut has been priced in for weeks, and risk assets could drop on the news if no fresh catalysts emerge.
- Tokens like HYPE, STRK, QNT and KAS fell 6%–9% in 24 hours
- CoinMarketCap’s altcoin-season index sits at a cycle low of 18/100.
- Bitcoin is down 20% over 90 days and more than half of the top-100 tokens have fallen at least 40%. FET and TIA are among the worst performers while ZEC, DASH, BNB and BCH stand out as rare stabilizers.
Top Stories
