ASX CEO Expresses New Confidence in Blockchain Post-Trade Tests

The Australian Securities Exchange (ASX) revealed today that it expects to increase the amount it will invest in distributed ledger technology as part of its broader plans to become the first exchange in the world to upgrade to post-trade services built using the technology.

After having already invested AUS$20.3m to develop the technology and more, the exchange’s CEO, Dominic Stevens, now says that number will rise to AUS$50m ($38.5m) by the end of this year.

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