CLS, IBM and banks test blockchain app store

NEW YORK (Reuters) - Foreign exchange settlement provider CLS, IBM (IBM.N) and nine financial institutions, including Barclays Plc (BARC.L) and Citigroup Inc (C.N), are testing a platform to access blockchain-based applications, the companies said on Monday.

The platform, LedgerConnect, will offer applications and services provided by different vendors in areas such as customer compliance checks, sanctions screening and collateral management, the companies said.