The Australian Securities Exchange is now allowing clients to test its in-development blockchain-based equities clearing and settlement system.
Through its newly opened Customer Development Environment, ASX customers can connect to the system via a blockchain node and experiment with the tech, the exchange announced Tuesday.
Once connected, users can design, build and test system changes, as well as access some of the new business functionality.
The ASX - Australia's top securities exchange - further said that it is expecting to release additional features to the CDE every eight weeks and a full feature set by mid-2020.
The system is planned to replace the ASX's existing decades-old CHESS clearing house system, and has been under development.
With the exchange's tech partner Digital Asset since 2017.
Interest in blockchain tech as far back as 2015, as it sought to cut the cost and time it takes for messaging on its CHESS system.
The exchange's managing director and CEO, Dominic Stevens, recently said.
That the new system could help the industry save as much as $23 billion by ushering new efficiencies.
In Tuesday's release, the exchange said it is "On-track" to go live with the blockchain system in March or April 2021, a year later than had previously been planned.
ASX Is Letting Clients Test Its In-the-Works Blockchain Settlement System
gepubliceerd op May 7, 2019
by Coindesk | gepubliceerd op Coinage
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