Digital Asset looks to steam ahead after Blythe Masters, the former CEO and a long-time face of blockchain innovation, stepped down at the end of last year.
IHS Markit expects revenues could reach $462 billion from using blockchain technology across global financial services.
A number of custodians and asset servicing providers have trialled using blockchain platforms to process fund transactions.
Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.
Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.
Several firms are looking at technologies such as blockchain and machine learning to automate and digitise the corporate actions and proxy voting process.
DTCC recently proved it is capable of processing 115,000,000 trades daily, or 6,300 trades per second for five continuous hours, on a DLT platform.
R3 and four bank partners successfully issue €100,000 notional.
New platform will digitalise trading, settlement and distribution of funds through distributed ledger technology.