LSEG prepares a new marketplace powered by Blockchain

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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.

Read More: LSEG plans new blockchain-powered marketplace

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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