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ASX on track for blockchain announcement

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Financial Standard |

ASX blockchain bound - ASX on track for blockchain announcement

The ASX's potential rollout of blockchain or distributed ledger technology (DLT) is well on track, chief executive Dominic Stevens told the exchange's annual general meeting today.

An official announcement to determine the suitability of DLT to replace CHESS remains on schedule for December, Stevens said, adding stakeholder consultation is still underway.

Stevens said the project has been "a big undertaking" and pleased with the progress and the potential of DLT to deliver real efficiency gains for the market.

"We've given over 60 DLT system demonstrations or CHESS replacement workshops to more than 110 companies and over 500 attendees from the global financial services industry," he said.

See:  ASX increasingly confident in DLT inspired tech's potential

"The process has been a fantastic opportunity for ASX to engage with its customers and build a detailed understanding of what the industry wants. This has also included identifying improvements for customers beyond the world of CHESS, which we are also looking to implement."

Stevens added Centre Point, the ASX's anonymous mid-point matching service developed for investors in the fragmented equity market, exceeded $100 billion in transactions in FY17, representing a 36% increase on the prior corresponding year.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both investment and social crowdfunding, blockchain ICO, alternative finance, fintech, P2P and online investing stakeholders across the country.  NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a vibrant and innovative online financing industry in Canada.  Learn more About Us or visit


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