Tags: Blythe Masters

ASX blockchain to replace CHESS

The Australian Stock Exchange (ASX) has announced its intention to replace its Clearing House Electronic Subregister System (CHESS). Its plan is to introduce  distributed ledger technology (DLT) developed by Digital Asset (DA). ASX operates and invests in the infrastructure needed to promote the stability and development of Australia’s financial markets. In this context, CHESS is the 1990s…