The Australian Securities Exchange (ASX) on Monday announced its collaboration with Digital Asset (DA) and US-based VMware to work on blockchain initiatives in Australia and New Zealand.
ASX is already working with DA to develop a distributed ledger technology-based application to
replace CHESS (the exchange’s equities clearing and settlement system). With this new partnership, the ASX aims to create new services and
apply blockchain in other financial services it offers.
“This new partnership… will help us support a wider range of DLT solutions developed by the industry. It confirms our belief in the potential of DLT as we remain on track to deliver the CHESS replacement system in March-April 2021,” said Peter Hiom, ASX Deputy CEO. However, he emphasized that the current focus is the CHESS replacement.
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