#Australian Securities Exchange News

ASX Shoots to Overtake IBM and Others with new Blockchain Platform

December 10, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Australian Securities Exchange (ASX), the country's primary securities exchange, is actively working on its distributed ledger technology (DLT) platform which it expects will pose a competition to tech industry's heavy hitters such as IBM and Microsoft when it goes live in mid-2020 to replace its Clearing House Electronic Subregister System...

Chi-X Kicks Against ASX’s Move to Replace CHESS with Blockchain

ASX Allies with Digital Asset and VMware to Develop DLT-Based CHESS

August 26, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

The Australian Securities Exchange (ASX) and its financial technology (fintech) partner, Digital Asset have joined forces with VMware, a cloud infrastructure provider, to fast track the process of developing a distributed ledger technology (DLT) based solution that would replace the current Clearing House Electronic Subregister System (CHESS), reports ZDNet August...

Australia: EY Unveils Blockchain Solution to help SMEs

Australian Blockchain Startups Struggling to Generate Revenue

August 26, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

During the crypto markets bull run of 2017, a number of firms latched onto the blockchain bandwagon in a bid to take advantage of the burgeoning industry. While the move proved to be a forward-thinking maneuver at the time, as the stock prices of some DLT-related firms skyrocketed almost immediately,...

Bitcoin (BTC) Is Propping up Related Securities Following Yearly Highs

June 28, 2019 by Ashwath Balakrishnan at Bitcoin

Bitcoin (BTC) isn't the only asset booming from the renewed interest in digital currencies. Three North American securities that deal with bitcoin and blockchain technologies have risen substantially in the last couple of weeks, as reported by AlphaStreet on June 26, 2019. Macro Bull Run As expected, the bullish sentiment in bitcoin...

Australian Securities Exchange Opens Blockchain-based Customer Development Environment

May 8, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Exchange, Finance, News

On May 7, 2019, the Australian Securities Exchange (ASX), Australia's primary securities exchange, announced the opening of its Customer Development Environment (CDE), a blockchain-based equity clearing and settlement platform which can be used by its customers for interacting and experimenting. ASX Joins the DLT Bandwagon Per the announcement, ASX has...