New York-based bitcoin exchange itBit is set to host a private gathering of financial industry professionals on Monday, 27th July.

The all-day, invite-only "Bankchain Discovery Summit" will be held at one of the city's Convene locations, a meeting space provider operating in both New York and Washington, DC.

Expected attendees are said to draw largely from major banks, brokerages and exchanges.

An invitation obtained by CoinDesk reads:

Little is known about itBit's Bankchain project, which is described as "the first consensus-based ledger system exclusively for financial institutions" on its official website. The company declined to offer specifics on the initiative when previously reached but suggested it would make details public in the near future.

The event is not open to the press, according to an itBit representative.

Boardroom table image via Shutterstock