The London Stock Exchange is developing plans for a new digital marketplace based on Blockchain technology.
After a year of internal discussion about the viability of a trading platform powered by Blockchain, Murray Roos, head of capital markets at the LSE Group, told the Financial Times that the company had decided to move forward with the project.
The UK exchange is reportedly considering creating a separate entity for the new business and is currently in discussions about the idea with the UK government and regulators.
Ross emphasized that the project does not use cryptocurrencies and only makes use of the Blockchain technology that underpins digital assets to increase the efficiency of buying, selling, and holding traditional assets.
