Australian Securities Exchange blockchain project gets political – Ledger Insights

  • The Australian Securities Exchange (ASX) is working with Digital Asset on a blockchain replacement for its post-trade clearing and settlement system, CHESS with a view to launching in 2021.
  • Two of the several report funders are major share registry companies, Computershare and Link Administration.
  • Similarly, Computershare’s consultation response says: “ASX’s proposals reach significantly beyond a technical system upgrade and replacement for CHESS and instead present a reconfiguration of the commercial services performed by various market actors, centralising roles and functions at ASX that are currently provided by competitive commercial service providers.

Read full article: ledgerinsights.com

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