28 January 2020
Blockchain trade finance project Voltron has gone into full commercial production with the creation of an independent global network under a new name.
Contour, a standalone legal entity, has been established in Singapore by fintech consortium R3, along with seven of the eight founding bank members of Voltron – Bangkok Bank, BNP Paribas, CTBC, HSBC, ING, Standard Chartered and SEB. Carl Wegner, R3’s head of Asia, is taking on the CEO role at the new network, with Aaron Seabrook, R3’s director of services, joining as COO.
Also backing the company are Bain & Company, which has played a consultancy role in Voltron since its inception, as well as Hong Kong-based developer CryptoBLK. NatWest, the eighth founding bank member, has not invested in the new company.
Read more at GTR, here.