Sydney Stock Exchange is Developing a Blockchain for Smart Equity Securities
Posted: Wed Oct 05, 2016 1:57 pm
A Sydney Stock Exchange joint venture with Bit Trade Labs to develop a blockchain based settlement solution – APX Settlement Pty Limited (APXS) – has successfully prototyped its smart register for real-time issuance and allocation of equity securities. The firm says this marks the first step towards its objective of building an instantaneous settlement-and-transfer-upon-trade platform.
APXS says it intends to extend the smart register beyond equity securities to commodities markets, opening up opportunities for government and industry to “transform markets currently hampered by antiquated structures and technology.” It is now evaluating the infrastructure for its production and is working with assurance and cyber security experts ... (read more)