ASX Sees Blockchain Replacing Current Post-Trade System

Announcements, Blockchain | September 29, 2017 By:

The Australian Securities Exchange (ASX) executives are bullish about distributed ledger technology (DLT) replacing their legacy post-trade infrastructure.

In August 2016, ASX completed the initial phase of its DLT testing, and their blockchain prototype has “met performance, security and scalability thresholds.” The same technology is now being developed as a potential system to replace its 20-year-old clearing and settlement system.