Sydney Stock Exchange Completes Blockchain Prototype

Sydney Stock Exchange Completes Blockchain Prototype

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....


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