DLT

Tensions between the ASX and the CHESS Replacements Stakeholder Group (CRSG) — whose members include shareholder associations and registry businesses — are burning red hot as the parties argue over the market impact of the proposed Distributed Ledger Technology (DLT)-based replacement to CHESS. A letter sent by ASX Chairman Rick

The financial turmoil caused by the unfolding COVID-19 pandemic has forced the ASX to delay the launch of its blockchain-based CHESS replacement, which had been scheduled to go live in April 2021.  The ASX announced yesterday it will conduct a formal consultation process in June to determine a new timetable

ASX building

The Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. The ASX has been an early pioneer in blockchain technology, deciding in 2015 to replace its 25-year-old

The operator of Switzerland’s stock exchange is backing distributed ledger technology, arguing that — in the right hands — the technology is ready to earn the trust of the investment community.  In July the Swiss Stock Exchange (SIX) announced plans to launch a blockchain-based exchange for the trading, settlement and

While there were concerns over security and throughput, there was a surprisingly common consensus among the senior executives of the Australian Securities Exchange (ASX), about what, at the time, looked to be a potentially controversial and sensitive decision: replacing its aging Clearing House Electronic Subregister System (CHESS) with a blockchain