ASX Accused of Trying to ‘Crush’ Rival Blockchain Trading System
Fintech iSignThis claimed the Australian Securities Exchange suspended its shares to prevent its rival DLT trading system from launching.
ASX said it was eyeing a new date of April 2023 due to higher levels of demand than expected.
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.
The ASX said it is “spending an enormous amount of time” on digital assets.
ASX, the primary stock exchange in Australia, has been told to press on with the blockchain-based replacement to its aged trading system.
The blockchain-based clearing and settlement system from Australia's biggest stock exchange faces further delays if unhappy firms get their way.