Former Deutsche and Santander execs set up emerging markets blockchain venture

Friday, September 7, 2018

By Yolanda Bobeldijk

Ed Budd and Julio Faura, formerly in charge of tech innovations at Deutsche Bank and Santander, have set up a new venture aimed at taking blockchain tech to emerging markets.

The pair launched Adhara, which offers payments technology to emerging markets banks, over the summer. The venture, which has a presence in the UK, Spain and South Africa, is using Quorum – the open source blockchain development by J.P. Morgan – and is backed by ConsenSys, a New York-based blockchain consultancy.

Photo courtesy of Christian Ditaputratama.

Source: Financial News (link opens in a new window)