Wall Street Blockchain Alliance (WSBA), a non-profit trade association, announced that it has added Calypso Technology, a leading front-to-back technology solutions provider for global financial markets, as a corporate member.

According to the official release, Calypso’s addition to WSBA shows the increasing demand for blockchain knowledge and its expertise throughout multiple disciplines and sectors of financial markets.

“We are very pleased to have Calypso join the WSBA as one of our premier corporate members. Given the depth and breadth of their expertise in financial markets, as well as their innovative approach to blockchain and other disrupting technologies, we are confident that collaborating with Calypso on behalf of their customers and WSBA members will provide deep and lasting benefit for all parties. We look forward to many collaborative efforts with our colleagues at Calypso in the near future,” Ron Quaranta, Chairman of WSBA said.

WSBA’s corporate membership is limited to existing financial markets firms that include U.S. registered institutional investors, broker-dealers, banks, and hedge funds. It also has an individual membership to qualified personnel who are working in the financial services industry.

“We are delighted to join the WSBA. 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. We are excited about the opportunity to work with both their leadership and member firms as we explore the various applications of the distributed ledger. Our participation in the WSBA will enhance our existing blockchain research and development, allowing us to bring innovative solutions to market faster,” Jean Safar, chief architect at Calypso said.

Last June, WSBA in partnership with Positrust LLC, an industry leading technology company, has unveiled the WSBA Certification Framework (WCF), that opened up applications for a pilot program.

Calypso Technology is a leading provider of cross-asset front-to-back technology solutions for financial markets and provides customers with a single platform for consolidation, innovation, and growth. With 19 years of experience delivering software and services for trading, risk management, processing and accounting, the Calypso solution helps bring simplicity to complex business and technology challenges. The solutions address needs for the capital markets, investment management, clearing, collateral, treasury, and liquidity.