The bankrupt blockchain company SETL will resume work as a new entity Blockchain company SETL Development Ltd., which declared its insolvency in March, will be insolvent. resumes work after the restructuring carried out by her leadership.

Bankrupt blockchain company SETL will resume operations as a new entity

The blockchain company SETL Development Ltd., which declared its insolvency in March. resumes work after restructuring carried out by her management.

On Friday, the new company SETL Ltd. announced that it transferred the operating assets, personnel and intellectual property rights of the old education. She also managed to reach an agreement with “all major clients” to resume her previous software development activities..

SETL Development Ltd. came under the control of the interim administration in March and is currently in the process of liquidation.

The new company redesigned the balance sheet and simplified the business model. In the future, she intends to provide solutions on the blockchain in various areas and show decent results to its shareholders..

The leaders of the first version of SETL will retain their managerial posts.

Last October, the financial regulator of France issued a license to SETL to provide services as a central securities depository.

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