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ASX to start using blockchain to process equity transactions

Published Thu, Dec 7, 2017 · 09:50 PM
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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.

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