Ron Burgundy Posted January 22, 2016 Share Posted January 22, 2016 By Swati Pandey SYDNEY (Reuters) - Australian markets operator ASX Ltd on Friday said it has bought a minority stake in a U.S. blockchain developer, positioning itself to become the first stock exchange in the world to use distributed ledger technology for public companies. The A$14.9 million ($10.43 million) investment in Digital Asset Holdings would help to cut costs, speed up transactions and make them more secure, ASX said in a statement, as it joined a slew of other financial firms that are buying into the technology originally developed for cryptocurrency bitcoin. "Distributed Ledger Technology could provide a once in a generation opportunity to reduce cost, time and complexity in the post-trade environment of Australia’s equity market," ASX Managing Director and CEO Elmer Funke Kupper said in the statement. View the full article Quote Link to comment Share on other sites More sharing options...
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