Australian Securities Exchange Building New Blockchain Platform With VMWare, Digital Asset
ASX is teaming up with Digital Asset and VMWare to move its current exchange platform onto distributed ledger technology.
The ASX fell sharply during its opening session Monday after Australia's Prime Minister announced drastic measures to curb the spread of coronavirus.
National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis are forming joint venture to offer a digital securities trading platform.
With COVID-19 fast spreading in Australia, the stock exchange is pausing the project until June to reassess the situation.
The chief of the Australian Securities Exchange (ASX) said the company's approaching shift to blockchain tech could bring opportunities to the wider securities industry.
Digital Asset has raised $35 million in Series C funding, signaling a comeback for the seminal enterprise blockchain startup.