The London Stock Exchange Group PLC just announced plans of launching a blockchain-based trading platform.
The financial information company now expects to officially introduce the said platform next year provided that it secures the required regulatory approvals. According to Roos:
The idea is to use digital technology to make a process that it slicker, smoother, cheaper, and more transparent … and to have it regulated.
Ultimate goal is global platform that allows participants in all jurisdictions to interact with people in other jurisdictions abiding by regulations, potentially multiple jurisdictions simultaneously.
He confirmed, though, that LSEG is not interested in building cryptoassets – all it wants is to be able to use the blockchain technology to enhance the efficiency of trading financial assets.
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