9

LSE Group Draws Up Plans for Blockchain-based Digital Assets Business - Slashdot

 1 year ago
source link: https://tech.slashdot.org/story/23/09/04/154248/lse-group-draws-up-plans-for-blockchain-based-digital-assets-business
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

LSE Group Draws Up Plans for Blockchain-based Digital Assets Business

Catch up on stories from the past week (and beyond) at the Slashdot story archive

binspamdupenotthebestofftopicslownewsdaystalestupid freshfunnyinsightfulinterestingmaybe offtopicflamebaittrollredundantoverrated insightfulinterestinginformativefunnyunderrated descriptive typodupeerror

Sign up for the Slashdot newsletter! OR check out the new Slashdot job board to browse remote jobs or jobs in your area

Do you develop on GitHub? You can keep using GitHub but automatically sync your GitHub releases to SourceForge quickly and easily with this tool so your projects have a backup location, and get your project in front of SourceForge's nearly 30 million monthly users. It takes less than a minute. Get new users downloading your project releases today!
×

LSE Group Draws Up Plans for Blockchain-based Digital Assets Business (ft.com) 6

Posted by msmash

on Monday September 04, 2023 @11:05AM from the how-about-that dept.
The London Stock Exchange Group has drawn up plans for a new digital markets business, saying this will make it the first major exchange to offer extensive trading of traditional financial assets on the blockchain technology best known for powering cryptocurrency. From a report: Murray Roos, head of capital's markets at the LSE Group, told the Financial Times that the company had been examining the potential for a blockchain-powered trading venue for about a year, and had reached an "inflection point" where it had decided to take the plans forward. It has asked Julia Hoggett, head of the London Stock Exchange, one unit in the broader group, to spearhead the project.

Roos stressed that his exchange was "definitely not building anything around cryptoassets" but was looking to use the technology that underpins popular tokens such as bitcoin to improve the efficiency of buying, selling and holding traditional assets. "The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent and to have it regulated," Roos said. He added that LSEG had waited to proceed until it was sure that the public blockchain technology was "good enough" and that investors were ready.

report

Recommend

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK