Поділитися цією статтею
Bitcoin and Trading Execs Team up to Disrupt Settlement
A bitcoin entrepreneur and a trading veteran have partnered on a blockchain project that aims to streamline the way assets are exchanged.
Автор Grace Caffyn
A bitcoin entrepreneur and a trading veteran have partnered on a blockchain project that aims to streamline the way assets are exchanged.
SETL will use its blockchain, which is "akin to proof-of-stake", to let market participants cut out the web of intermediaries in the post-trade system, saving them time and money.
STORY CONTINUES BELOW
Не пропустіть жодної історії.Підпишіться на розсилку Crypto Daybook Americas вже сьогодні. Переглянути всі розсилки
The current clearing and settlement process requires firms to operate across many different ledgers at a total cost of $65–80bn annually.
CEO Anthony Culligan is an ex-JP Morgan executive and the founder of peer-to-peer bitcoin exchange Roolo, which launched this February. Peter Randall, the founder of European equity exchange Chi-X, will act as the platform's COO.
The list of Wall Street companies exploring how blockchain technologies can disrupt legacy infrastructure is growing longer by the day. However, reservations remain about bitcoin's processing time and pseudonymous nature in a heavily regulated, risk-averse industry.
Unlike bitcoin's blockchain, SETL operates using a 'permissioned' ledger that requires all participants to reveal their full identity to pass due diligence.
The platform is expected to reach speeds of 100,000 transactions per second, though the company said only 5,000 have been achieved in tests so far.
Більше для вас
Що варто знати:
- 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.
Більше для вас
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
Що варто знати:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
