BTP
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
BTP (Blockchain Technology Partners) was an Edinburgh-based enterprise blockchain company founded in 2018 by Duncan Johnston-Watt. Its flagship offering was Sextant, a platform that simplified the deployment and management of enterprise blockchain infrastructure - distributed ledgers, smart contracts and cloud technologies - taking care of the underlying technology so organizations could build multi-party applications. Customers included European fintech LiquidShare, which selected Sextant for Daml for its post-trade offering. The company raised a £2 million seed round in July 2021 led by Force Over Mass and Signature Ventures, with early backers Martin Gilbert and Andrew Laing, and entered creditors' voluntary liquidation in September 2023.
02 / BTP FAILURE REASONS
Failure reasons
BTP entered creditors' voluntary liquidation on 20 September 2023, with FRP Advisory appointed as liquidator. No detailed public account of the specific reasons for the failure has been published, so failure factors cannot be stated with confidence.
03 / EVENT HISTORY
Events in the structured record
- Liquidation
Companies House records Blockchain Technology Partners Limited (SC598737, Edinburgh) entered creditors’ voluntary liquidation on 20 September 2023 and was dissolved on 21 September 2024.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
BTP (Blockchain Technology Partners) was founded in Edinburgh in 2018 by Duncan Johnston-Watt to bring distributed ledger technology to business.
- 02
Its flagship product Sextant simplified the deployment and management of enterprise blockchain infrastructure; European fintech LiquidShare selected Sextant for Daml for its post-trade offering.
- 03
In July 2021 the company closed a £2 million seed round led by Force Over Mass and Signature Ventures, with early backers Martin Gilbert and Andrew Laing.
- 04
On 20 September 2023 BTP entered creditors' voluntary liquidation, with Callum Angus Carmichael and Chad Griffin of FRP Advisory appointed as liquidators.
- 05
No reliable realized loss figure with clear subject, period and basis has been disclosed.