Brazilian Bank BTG Pactual Joins PTDL Group

A leading Latin American investment bank has joined PTDL Group, an organization developing a blockchain platform for financial market participants.

As of today, Post-Trade Distributed Ledger (PTDL) comprises about 40 influential financial institutions including London Stock Exchange, Moscow Exchange, CLS Bank International, Global Blockchain Business Council and other reputable members.

Recently, PTDL Group’s Organizing Committee has been joined by BTG Pactual, the largest Brazilian bank with annual revenue of about $1.5 billion.

The organization’s plans include the creation of a blockchain platform to bring together financial market participants and discussion of DLT applications. PTDL is also developing recommendations for regulatory authorities and facilitating accelerated implementation of distributed ledger technology in the financial sector.

As previously reported, BTG Pactual is planning to issue its own ReitBZ token.