Australian Securities Exchange Opens Test Environment For Blockchain Settlement System

Blockchain, News | May 8, 2019 By:

The Australian Securities Exchange (ASX) has opened a new Customer Development Environment (CDE) that allows clients to test its in-development blockchain-based settlement system.

ASX first announced in December 2017 that it would replace its Clearing House Electronic Subregister System (CHESS) with a distributed ledger technology (DLT) developed by blockchain startup Digital Asset (DA).

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Australian Securities Exchange Delays Blockchain Settlement System Launch

Announcements, Blockchain, News | September 4, 2018 By:

The Australian Securities Exchange (ASX) has delayed its switchover to blockchain technology by six months to devote more time for user development and testing.

In December 2017, the ASX announced that it would replace its Clearing House Electronic Subregister System (CHESS) with a distributed ledger technology (DLT) developed by Digital Asset Holdings.

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Blockchain Startup Identitii To Launch IPO On Australian Stock Exchange

Blockchain, News | August 14, 2018 By:

Digital-ID management startup identitii has become the second blockchain firm to launch an initial public offering (IPO) on the Australian Stock Exchange (ASX).

Identitii allows financial institutions to accelerate transaction verification processes by enabling the secure, trusted and auditable exchange of information within and between counterparty financial institutions,

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Blockchain to Settle Trades On Australian Securities Exchange

Announcements, Blockchain, Innovation | December 7, 2017 By:

The Australian Securities Exchange (ASX) will be replacing its Clearing House Electronic Subregister System (CHESS) with distributed ledger technology (DLT), aiming to cut costs for customers.

ASX is Australia’s primary securities exchange. It has an average daily turnover of A$4.685 billion and a market capitalization of around A$1.6 trillion,

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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.

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