ASX Limited, Australia’s leading market operator, has announced that it is planning to release blockchain technology for settlements in 2021.
The technology associated with blockhain has been tested for more than 2 years to prove that it meets all of the requirements of Australia’s stock market and is now ready to become the one of wide use.
Masters’s Digital Asset Holding is working together with Australian exchange ASX to develop a new securities settlement platform on the basis of the blockchain.
The Australian Stock Exchange has become one of the 13 chief investors in Digital Asset Holdings.
The Australian Securities Exchange has unveiled it is considering the possibility of incorporating the blockchain technology to improve its clearing and settlement system.