“CLS is pleased to participate in this broad industry-wide effort to standardize and advance Distributed Ledger Technology. A common DLT platform on which product specific solutions can be built is key to the successful adoption of this technology.”

“Distributed Ledger Technology will unlock the full ‘digital’ potential of capital markets and the wider financial services industry by enabling a shift away from the current reconciliation based systems that are very expensive and highly inefficient,” said David Treat, Managing Director, Financial Services at Accenture. “Key to that journey is to have standards and shared platforms that are utilized across industry participants. The open ledger project is a great step forward in that process and we are thrilled to be a part of it.”