Former Deutsche Bank Exec Backs Cobalt

Post-trade shared ledger platform receives an investment from former senior banker

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The platform creates a shared back-office environment for reconciling and settling FX trades.

The investment, which closed on August 3, was made through Ritchotte’s RitMir Ventures, which focuses on backing products and services using disruptive technology driven business models. 

Cobalt co-founder Adrian Patten says the investment will be used to shore up the infrastructure needs of the firm as it prepares to roll out its platform later this year.

“The technology is ready and we’re just waiting for final contracts with clients,” Patten, who declined to reveal the size of the investmen

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