Cobalt is a multi-award winning financial technology start-up focused on re-engineering the institutional FX market from the ground up. Post-trade infrastructure in FX is aging, inefficient and unfit for today’s market. It relies on cumbersome, manual processes and aged technology which pose significant operational and systemic risk to the FX market. This is exemplified by huge amounts of unnecessary replication. A single trade creates multiple records for all parties, introducing inconsistencies throughout lifecycle events. Cobalt takes a fresh approach to financial infrastructure and has been developed to replace aged current middle and back office systems which are disorderly, inefficient, risk-laden and costly. Cobalt delivers a shared back and middle office infrastructure based on a unique combination of low latency and shared ledger technology. By creating a shared view of trade data, Cobalt frees up back and middle office resources from multiple layers of reconciliation; generating one immutable record of FX transactions from which to provide multiple services. The platform is scalable, secure and fast – slashing cost and risk by 80% for the $5tn a day market. This is the future of financial services: signed, sealed, delivered.