Sydney Stock Exchange Public Blockchain Sees Successful Prototype
The Sydney Stock Exchange (SSX) has successfully prototyped its open blockchain ledger for real-time issuance and allocation of equity security, within a month after confirming the project. Following its mid-September confirmation that it is pressing ahead to build an open, public blockchain platform that will reduce settlement times of trades and equities, the Sydney Stock Exchange has now tested its prototype blockchain ledger successfully. The announcement came via the APX Settlement Private Limited (APXS), a joint venture between the SSX and blockchain consultant Bit Trade Labs to....
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The Sydney Stock Exchange (SSX) has confirmed its project to build a public blockchain platform that will drastically reduce settlement times of trades and equities. The Sydney Stock Exchange is pressing ahead with a new blockchain settlement system that will position itself as a low-cost alternative to the current clearing and settlement system delivered by the Australian Securities Exchange (ASX). The project was initially announced in May to attract venture capital and private equity funds to exit their investments by looking to list on the SSX instead. The blockchain project is....
The recently founded Sydney Stock Exchange is turning to blockchain technology in developing a settlement system that will see it provide an open blockchain settlement platform, enabling any company or broker to use the blockchain. The Sydney Stock Exchange (SSX is building a blockchain solution for the private equity market in an effort to provide a low-cost alternative for venture capital funds. A report from the Sydney Morning Herald reveals that the blockchain-based solution will see the settlement of trades in private companies to begin with. With regulatory approval, the system will....
Sydney Stock Exchange has recently announced that it will be implementing blockchain technology for its equities market settlement and registration system. The new system will be developed and implemented in collaboration with Bit Trade Labs, a blockchain and distributed ledger based solutions company. Expected to go live by early 2018, the latest development was announced at the Practical Blockchains forum, operated jointly by Sydney Stock Exchange, Bit Trade Labs and the Australian Digital Currency Commerce Association. The solution developed jointly by Bit Trade Labs and Sydney Stock....
A stock exchange in Australia is developing a private equity market solution using blockchain technology. As reported by the Sydney Morning Herald, the Sydney Stock Exchange (SSX) will initially look to facilitate the trade of private stocks, but will eventually open the system up to publicly traded stocks as well. The project brings to mind Linq, the blockchain project developed by securities exchange operator Nasdaq in partnership with blockchain startup Chain. Loretta Joseph, the lead SSX consultant working on the project, told the Morning Herald: "We will start with a private....
The Sydney Stock Exchange (SSX) has announced that its blockchain-focused joint venture, APX Settlement (APXS), has prototyped a blockchain for equity securities. First revealed in May, the blockchain system is part of a bid by the small exchange to become less dependent on the Australian Securities Exchange (ASX) for post-trade services through a partnership with local startup Bit Trade Labs. In statements, the companies called the news the "first step" toward an "instantaneous settlement-and-transfer-upon-trade" platform and this larger vision. Going forward, SSX said....