TagASX

Australian Stock Exchange to Roll out Blockchain Settlements in 2021

ASX Blockchain

Australia's leading market operator, ASX Limited disclosed plans being put in place to release blockchain technology for settlements in 2021. The company, however, does not feel overwhelmed by the deja-vu that has trailed the nascent technology, according to a Bloomberg report. ASX Limited has subscribed to the Clearing House Electronic Subregister System (CHESS) over the years but is now ready...

Australia’s Biggest Stock Exchange Delays Blockchain Integration to 2021

ASX

The Australian Securities Exchange (ASX) has postponed the integration of its blockchain post-trade settlements system from late 2020 to Q1 2021 in response to concerns from stakeholders. In a report [PDF] published on Tuesday, the ASX said it had received feedback from the industry in response to its initially-proposed timeline targeting a complete revamp of its settlements system by integrating...

$23 Billion: Blockchain Pivot to Bring Big Savings for Australia's Biggest Stock Exchange

ASX Blockchain

The Australian Securities Exchange (ASX) has disclosed that millions of dollars in savings could be generated by Australian firms once the exchange migrates from the existing Clearing House Electronic Subregister System (CHESS) to a blockchain technology-based platform. Currently, it is estimated that the average fee that large investors are charged for clearing and settlement services is...

$11 Million: Identitii Launches Australia's Second ASX Blockchain IPO

Bitcoin

Identitii Limited, a blockchain-based digital identity management innovator, has launched an $11 million IPO on the Australian Securities Exchange (ASX). The Australian company aims to sell 14.6 million shares at the rate of 75 cents per unit. The proceeds will be used for the additional development and marketing of Identitii's anti-money laundering solution, Serra. The blockchain-enabled...

Australia's Biggest Stock Exchange Targets Blockchain Integration in 2020

ASX Blockchain

The Australian Securities Exchange (ASX) has said it will implement a blockchain-based post-trade system from as early as Q4 2020, replacing the current Clearing House Electronic Subregister System (CHESS) system. A public consultation paper released by the ASX outlines planned new features, alongside a two-and-a-half year implementation plan. The paper confirmed that The ASX will use a new...

Australia First, Hong Kong Next? World’s 6th Largest Stock Exchange Eyes Blockchain

Hong Kong Stock Exchange

The Hong Kong Stock Exchange (HKEX) is tapping into the expertise of the Australian Securities Exchange (ASX) in implementing blockchain technology for core processes. After two years of rigorous testing, the Australian Securities Exchange became the world’s first major exchange operator to turn to blockchain technology for its post-trade settlement process, a core feature, in December. The...

Australia's Biggest Stock Exchange “Increasingly Confident” of Blockchain Replacing CHESS

Blockchain ASX

The chairman of Australia’s biggest stock exchange is bullish about blockchain technology replacing its existing post-trade settlement solution, CHESS. The Australian Securities Exchange (ASX) is the arguably the world’s first major securities exchange operator to publicly express an interest in adopting blockchain technology. As CCN reported in 2015, ASX managing director at the time Elmer Funke...

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