NatWest has created a new digital team within its capital markets business to upscale its blockchain strategy.

Leading the team will be Chris Agathangelou, who was recently appointed as NatWest’s head of digital capital markets.

The team will focus on delivering credit and rates products to issuers and investors through digital channels and currencies that are underpinned by distributed ledger technology.

With financial markets increasingly embracing blockchain technologies, the bank believes “the time is now right to formalise [our] strategy” in this area.

“Distributed ledger technology will increase transparency, minimise costs, lead to faster execution and increase capital efficiency for NatWest Markets’ clients,” NatWest said in a statement.

Agathangelou joined NatWest Markets in 2017 from Nomura. As head of flow credit syndicate he was most recently driving data visualisation projects with external partners across the fintech community.

In December 2021, NatWest’s digital business bank CEO, Marieke Flament, left the organisation to work for blockchain foundation NEAR.

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