When the matter returned before the High Court on Monday, Ms Justice Eileen Roberts confirmed the appointment Ken Fennell and Andrew O’Leary of Interpath Advisory Services as liquidators to the firm.
Counsel said the liquidators have been in discussions with the company’s employees. creditors and customers. The company, which commenced trading in 2016, provided software platforms that allowed banks and corporate customers connected via a blockchain-distributed ledger network to make transactions. Previously the High Court heard that the company’s difficulties arose after it invested a lot of resources on the proposed partnership with Bank of America, which would have seen the company’s product replace the bank’s own internal account automation service.