New Trade Organization to Promote Blockchain Established in Switzerland


A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12.

The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provider Temenos, and the country’s largest law firm Lenz & Staehelin. According to the press release, the CMTA will focus on creating open standards and toolkits that can be employed by various types of companies to raise capital by applying new technologies and digitalization.

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