SETL, the London-based financial blockchain specialist, has opened office in Paris to develop its eurozone activities.
The new office will be headed by Pierre Davoust, who has been named CEO France at SETL. Earlier Pierre worked as a deputy head of the Financial Markets Unit at the French Treasury.
With Paris office, SETL aims to bring the benefit of its blockchain infrastructure to the French market and the wider eurozone.
The move will also boost SETL’s capacity to deal with any future regulatory or other changes in the EU financial markets.
Pierre said: “Paris is a large financial centre, with a particularly strong asset management community. So it is a logical step for SETL to develop a local presence in Paris as we aim to put end-users of financial markets, such as issuers and investors, at the centre of our strategy.
“France has a rich technological and regulatory ecosystem, with a high-level IT and cryptography community, and ongoing reforms in the field of securities law, which is a very well-suited environment for the development of a best-in-class blockchain infrastructure.”