ASX to start using blockchain to process equity transactions
Sydney
AUSTRALIA'S main stock exchange just announced one of the finance industry's biggest bets yet on blockchain.
Australian Securities Exchange (ASX) will start using blockchain - the ledger software that makes bitcoin and other cryptocurrencies possible - to process equity transactions, according to a filing on Thursday. Digital Asset Holdings, the startup run by former JPMorgan Chase & Co banker Blythe Masters, will supply the technology.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
AI risks to financial stability are already a central bank worry
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Over S$646,000 spent to store, maintain, safeguard assets in money laundering case
Philippines eyes US$2 billion in its first global bond this year
UniCredit jumps past 60 billion euro market cap to join elite club
New Thai finance minister downplays row with central bank