ASX scores a blockchain win at last

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The ASX has scored a much-needed win on its world-first blockchain settlement scheme, completing a test pilot with Melbourne-based digital custody provider Zerocap.

ASX is hoping its DLT infrastructure layer will place it at the centre of a new ecosystem where ASX-listed companies can manage their securities and their digital assets in the one place.working with the Digital Finance Co-operative Research Centre

The program, similar to the ASX’s Synfini program, is asking businesses across the economy to reimagine how tokenisation can strip out inefficiencies in their industry using aBut while there is much debate over the usefulness of a CBDC, the ASX hopes its DLT platform can facilitate the movement of all kinds of digital assets, whether they are issued by the RBA, retail banks or companies.

After proving they could install their custody business on top of the ASX’s DLT, Zerocap then built a simple trading, clearing and settlement app.

 

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