NatWest Markets, the capital markets business of NatWest, has added a new digital team.
In Brief:
The unit is headed up by Chris Agathangelou, new head of digital capital markets.
It will seek to formalise NatWest’s blockchain strategy.
The task is to deliver credit and rates projects digitally.
What does this mean?
NatWest says that underpinning its products with blockchain, or a kind of distributed ledger technology, will lead to more transparency, lower costs and faster execution. However, this is still in the early stages for the bank.
