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The Sydney Stock Exchange (SSX) and Bit Trade Labs have established a joint venture to develop a blockchain based equities market settlement and registration system. The firms aim at implementing a blockchain solution within months for private markets network and at early 2018 for the SSX equities market.
SSX Chief Operating Officer David Lawrence said: “We are delighted to be working with an Australian-based innovation company to develop blockchain based solutions for equities markets. As we will be settling our own market, we are not constrained by the recent clearing competition issues facing others seeking to enter the Australian market. This allows us to ... (read more)