CFETS joins R3-led project

Number of participants rises above 60 since September 2015 launch

Asia technology
Tech world: CFETS aims to establish technical standards and improve ecosystem of China interbank market

The China Foreign Exchange Trade System (CFETS), the country's official interbank market-trading platform and infrastructure provider, has joined the R3-led initiative to develop distributed-ledger technologies for the financial industry.

The consortium, launched last September, has seen the number of participants passing the 60 mark. It comprises global banks and information providers such as Thomson Reuters.

The project is spearheaded by financial innovation company R3, led by David Rutter

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