Highlights:
Digital Asset, the tech company behind the Australian Securities Exchange (ASX) CHESS post-trade blockchain solution, is working with multiple central banks that are exploring central bank digital currency (CBDC) interoperability. Yuval Rooz, Digital Asset’s CEO, also expects the company will be working with more than five of the worlds’ top ten stock exchanges by the end of next year. Given that HKEX is already a top ten client, at least four more exchanges are in the pipeline.
But the primary topic of the discussion with Ledger Insights was CBDC interoperability. Rooz says if central banks are going to invest all of this time and effort to create a digital currency for it to only work with others via APIs, in his opinion, it defeats the purpose because most payment solutions are already very efficient.
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