As agreed between both contracting parties, details of the transaction will first be disclosed after closing, which is expected in the first quarter of 2016.
Alan Cloete said in an Aug. 10 letter to the agency, Bafin, that he has suffered “as a result of the inaccurate and reputationally damaging assessments of Bafin.
Barclays, recently named as one of nine banks working to develop a set of common blockchain standards, is increasingly vocal in its support of the nascent technology.
The group is looking to channel data, ideas and financial backing to a start-up called R3CEV, a New York-based group of trading and technology executives.
The transaction, which is still subject to customary and regulatory approval, is expected to close in the first quarter of 2016