ASX to use DLT based Settlement System

Exchanges Market News Australia

The Australian Securities Exchange (ASX) seeks to develop a distributed ledger based settlement system in the place of CHESS clearing and settlement system. The ASX has been considering the use cases and functioning of distributed ledger technology (DLT) from 2015. It is reported that ASX would become the first stock exchange to use DLT in the post-trade settlement process.

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