The Post-Trade Distributed Ledger (PTDL) Group an initiative that started last year by industry executives, academia, and regulators has announced new membership and three advisors to the organization. The group’s mission is to share and research information on how distributed ledger technology can reshape the post-trade ecosystem.
PTDL has just announced it has appointed three new advisors and has updated its membership numbers. The third largest multinational professional services firm in the world Ernst Young (EY) is focusing on building a consultancy operation with PTDL and will advise and assist companies interested in the protocol. Norton Rose Fulbright will work with legislation, and regulatory policy and Citigate Dewe Rogerson will help with public relations. Additionally, PTDL has also informed the public that 37 post-trade financial institutions are now involved with the project.
The additional membership includes exchanges, banks, clearing houses, central banks, and government representatives. The list includes groups such as Société Générale, the London Stock Exchange, CME Group, HSBC, UniCredit, Euroclear, State Street, and many more institutions. Additional organizations will be added over the course of the year. Back in November of 2015 when the London Stock Exchange announced the initiative, it said the PTDL