Cobalt has added five professionals to its team, including the former director of FX trading at UBS.
Cobalt and IHS Markit have teamed up to produce post-trade services for FX using blockchain technology.
FX post-trade blockchain network Cobalt has launched its service on the BT Radianz Cloud.
Investment from SGX will further technology development of Cobalt post-trade processing network for FX.
Cobalt's post-trade service now has 22 beta partners and the firm has expanded with a new office in New York.