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Euroclear invests in blockchain venture backed by UBS, Barclays and Nasdaq

The Belgium-based clearing house said it will join Fnality, a consortium that also includes BNY Mellon and Credit Suisse

Euroclear said it will join Fnality, a consortium that includes BNY Mellon, Credit Suisse, UBS, Barclays and the Nasdaq exchange
Euroclear said it will join Fnality, a consortium that includes BNY Mellon, Credit Suisse, UBS, Barclays and the Nasdaq exchange Photo: Pavlo Gonchar/Getty Images

Clearing house Euroclear announced an investment in an international consortium of financial institutions seeking to build a payment and settlement system using tokenised assets and Distributed Ledger Technology.

The Belgium-based clearing house said it will join Fnality, a consortium that includes BNY Mellon, Credit Suisse, UBS, Barclays and the Nasdaq exchange.

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