The three Baltic governments signed a deal that includes a commitment to support the development of blockchain technologies.
In a memorandum of understanding, the finance ministers of Estonia, Latvia and Lithuania have agreed to co-operate to expand and develop their economies, a process that would include promoting distributed ledger technologies to aid in capital market innovations.
The memorandum says:
"The Estonian Ministry, the Latvian Ministry and the Lithuanian Ministry recognise the importance of the development of the capital market and a stronger institutional framework to handle the cross-border challenges in the Baltic States… [and] supporting the development of capital market innovations and new technologies with a consideration for regional FinTech solutions, such as DLT."