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.