The London Stock Exchange is taking a wait-and-see approach when it comes to blockchain, according to its CEO. Nikhil Rathi told CNBC in an interview published Thursday that the LSE has noticed several "Interesting" ideas from rival stock exchanges and will see which ones "Gain market traction" before making any moves in the space itself.
Other stock exchanges have been more proactive with the technology to date.
The Australian Securities Exchange is notably rebuilding its ageing CHESS settlement system with help from distributed ledger startup Digital Asset.
Further, the Gibraltar Stock Exchange recently started allowing the listing of tokenized bonds, securities and funds.
While Switzerland's top stock exchange, SIX, also aims to launch.
Other stock exchanges, including in Jamaica, Thailand and Spain, have also announced initiatives around blockchain and digital assets.
Seed funding round for capital markets blockchain startup Nivaura.
Nivaura aims to automate the entire life cycle for the issuance of financial instruments - bonds, equities, derivatives - using blockchain technology.
In a related effort last month, blockchain startup 20|30 raised £3 million in a sale of tokenized shares in a test environment on a LSE Group-operated platform.
For now the stock exchange appears appears in no rush to make any direct use of the technology.
London Stock Exchange Watching for 'Interesting' Blockchain Use Cases: CEO
gepubliceerd op May 2, 2019
by Coindesk | gepubliceerd op Coinage
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