Asia's Largest Stock Exchange Operator Partners IBM for Blockchain Applications
Japan Exchange Group, operator of the Tokyo Stock Exchange will begin experimenting with blockchain technology for post-trade solutions such as clearing and settlement of trades. The operator will team up with IBM Japan for the project. The operator of Asia’s largest stock exchange is joining IBM Japan to run blockchain tests for clearing, settlement, and other operations. According to a report by Nikkei Asian Review, the proof-of-concept testing will commence next month in March. Currently, the Japan Exchange Group’s record-keeping platform stores trading data on a centralized server. The....
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Japan’s Financial Services Agency has allowed the Japan Exchange Group, operator of the Tokyo Stock Exchange, to use financial technologies like blockchain as its core trading infrastructure. The country’s financial regulator will now begin approving Fintech adoption on a case-by-case basis, according to a review in Nikkei. Previous regulation meant that JPX subsidiaries were limited to activities linked to exchange operations. The new and updated interpretation of the rule, however, allows the JPX to introduce technology that improves the operational efficiency of trading platforms. It is....
The operator of the Tokyo Stock Exchange has been working with a leading Japanese think tank as part of a months-long exploration of blockchain technology. The trial was announced today by Nomura Research Institute (NRI), which revealed Japan Exchange Group has been collaborating with it as part of its previously revealed blockchain research. Japan Exchange Group has been experimenting with blockchain applications as one of the early customers of IBM's Blockchain-as-a-Service (BaaS) platform. The testing phase, NRI announced today, will "assess the usability as well as the challenges....
Given the potential applications for distributed ledgers in clearing and settlement, blockchain technology is increasingly drawing interest from major stock market operators. Among the most early and active financial firms exploring the technology have been major US firms including Nasdaq, which has launched its own blockchain-based service for private shares; the New York Stock Exchange (NYSE), which in 2015 invested in bitcoin exchange provider Coinbase; and the Australian Securities Exchange (ASX), which is working with Digital Asset Holdings to develop blockchain solutions. Less vocal....
TMX Group, the operator of the Toronto Stock Exchange (TSX), has taken its first step toward investigating blockchain technology by appointing Ethereum founder Anthony Di Iorio as its first chief digital officer. The founder of blockchain industry consultancy Decentral, Di Iorio’s appointment in January follows what he called month” of collaboration with TSX that culminated in the creation of the new role. Di Iorio said that he will now help TSX navigate a number of areas of FinTech innovation more broadly, with the goal of ensuring the exchange is “on top” of emerging tech. The....
In what is quickly becoming a recurring theme among stock exchanges around the world, the Toronto Stock Exchange (TSX) is exploring blockchain technology applications for securities trading and clearing. The foray into understanding blockchain or distributed ledgers, the technology that powers the cryptocurrency Bitcoin is further helped by the TSX’s recent appointment of crypto entrepreneur and bitcoin evangelist Anthony Di Iorio. Following recent examples of stock exchanges in Australia, the UK, the United States and Japan that have been embracing blockchain technology, Canada’s largest....