10/18/2023
The London Stock Exchange Group (LSEG), considered among the top exchanges of the world, is expected to become the first big exchange to "widely use blockchain for trading regular financial assets", according to Financial Times.
After exploring the idea for about a year and holding off until they were confident that blockchain technology was strong enough; Murray Roos, group director of capital market at LSEG, now explains to the public their plan: to use the underlying technology "to make a process that is slicker, smoother,
cheaper and more transparent…and to have it regulated.”
The project has been discussed with several regulators, including the UK government and Treasury.
Blockchain is reshaping the world of finance and offering new possibilities for efficiency, transparency, and global connectivity. As more countries and institutions embrace blockchain technology,
we are witnessing the rapid evolution of financial markets. The future of finance is blockchain, and it's a revolution worth being a part of.
Read the full article here: https://blockworks.co/news/lse-group-blockchain-initiative