Questions regarding reliability, transparency and scalability came to the fore after the multi-asset exchange company Australian Stock Exchange (ASX: ASX) decided to replace its 25-year-old clearing and settlements system CHESS with blockchain tech in 2016. To do so, the ASX brought on the New York-based tech startup Digital Asset. However, after multiple delays and issues,
Read MoreThe Australian Securities Exchange (ASX: ASX) and its botched attempt to replace its settlements and clearing system (known as CHESS), with blockchain tech has finally faced reality and has abandoned its five year debacle, writing off millions of dollars of investment. Eventually coming to their senses, last month the ASX board released a statement that
Read MoreAlthough they may be regarded as the unfashionable sibling to their more flashy ASX counterpart, the National Stock Exchange (ASX: NSX) can hold their head up high knowing they haven’t had half their Executive team resign over the past six months and they’ll probably reference that when they raise capital for expansion into Saudi Arabia.
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