The Financial Times reportedThe London Stock Exchange Group (LSEG) will use blockchain technology to build a new digital trading platform, which will be mainly used for digital asset content trading rather than cryptocurrency trading. At the same time, the goal is to become a global digital asset trading platform.
Murray Roos, head of capital markets at the London Stock Exchange Group, said the idea is to ensure that blockchain technology is mature enough to meet their needs before taking action. The plan is to speed up the efficiency of traditional asset transactions through digitization, while also responding to the current trend of increasing digital asset transactions.
In addition to incorporating blockchain technology, this trading platform also encompasses processes such as issuance, trading, reconciliation, and account settlement. Compared to previous digital asset trading platforms that also utilize blockchain technology, which primarily focus on transaction processes, Murray Roos believes that the trading platform proposed by the London Stock Exchange Group will be able to encompass the entire digital asset trading ecosystem.
The project is expected to be led by Julia Hoggett, CEO of the London Stock Exchange Group. It will likely be implemented through the establishment of a new company, with the goal of becoming a global digital asset trading platform. The initial launch of a smaller trading platform next year is expected to target the opaque and frequently traded private digital asset markets.
