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Alcorn Group Cyber Security News

ASX and the Blockchain

The Australian Stock Exchange (ASX) has announced that it has selected US-based firm Digital Asset Holdings to develop solutions for the Australian market utilising Distributed Ledger Technology. This may be able to significantly simplify and speed-up post-trade processing. For ASX clients this could reduce back-office administration and compliance costs, while investors could experience significantly faster settlement of equity transactions – potentially in near real-time.

Adoption of Distributed Ledger Technology has the potential to stimulate greater innovation by ASX and third parties to develop new services for intermediaries, end-investors and listed companies. This would create a more competitive marketplace across a broad range of services.

By Derren Desouza