Calypso Technology has joined the Wall Street Blockchain Alliance (WSBA) as a corporate member.

A statement said the move reflects the “ever increasing need for blockchain knowledge and expertise” across the financial markets.

Calypso builds and operates front-to-back solutions in capital markets, investment management, clearing, collateral and treasury & liquidity.

US broker dealers, banks, institutional investors and hedge funds are also corporate members of WSBA.

The non-profit trade association looks at blockchain innovations and distributed ledger opportunities across various market segments, including clearing and settlement.

“Blockchain has the potential to substantially improve both the efficiency and the transparency of the financial services industry, and the WSBA is dedicated to facilitating that transition,” said Jean Safar, chief architect at Calypso

“Our participation in the WSBA will enhance our existing blockchain research and development, allowing us to bring innovative solutions to market faster.”