ASX’s Long-in-the-Works DLT Plan on Ice Amid Coronavirus Concerns
With COVID-19 fast spreading in Australia, the stock exchange is pausing the project until June to reassess the situation.
ASX
The National Stock Exchange of Australia is now in talks with Australia's securities regulator to finalize access for its DLT system to ASX Clear, it said.
ASX, the primary stock exchange in Australia, has been told to press on with the blockchain-based replacement to its aged trading system.
ASX said it was eyeing a new date of April 2023 due to higher levels of demand than expected.
The blockchain-based clearing and settlement system from Australia's biggest stock exchange faces further delays if unhappy firms get their way.
Fintech iSignThis claimed the Australian Securities Exchange suspended its shares to prevent its rival DLT trading system from launching.
ASX
