Christian Noyer, former governor of the Banque De France and a prominent French economist, is now a member of the board of directors of blockchain startup SETL, the company announced Thursday.

The startup, founded in 2015, offers payment and settlement services built on top of a blockchain network. It aims to help market participants directly transfer cash or other assets with immediate settlements.

The company has received backing from a number of major financial institutions, including Citi, Deloitte, Credit Agricole (PA:CAGR), Computershare and S2iEM.

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