T
he London Stock Exchange Breaks New Ground With Blockchain Digital Market
London Stock Exchange (LSEG) has unveiled its ambitious plan to introduce a digital market powered by blockchain technology, marking the first major exchange to embrace this innovative approach for traditional financial assets, according to the Financial Times. Crucially, Roos clarified that this initiative would not involve cryptocurrency assets. Instead, the LSEG aims to harness the efficiency and transparency benefits of blockchain to enhance the trading and ownership experience for traditional assets.
If successful, the LSEG will pioneer an end-to-end blockchain ecosystem for investors, a milestone in the world of securities exchanges. The exchange is even considering establishing a separate legal entity for this digital market endeavor, with plans to launch the first market within the next year, contingent on regulatory approval. Roos clarified that this digital market venture would not compete with LSEG’s traditional business but rather enhance its commitment to innovation and continue to uphold London’s reputation as a financial hub. LSEG announced its collaboration with Global Futures and Options to offer trading and clearing services for Bitcoin index futures and options derivatives.
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