The London Stock Exchange has been exploring the potential for using blockchain to improve the trading process of traditional assets, its executive said.
Murray Roos, head of capital markets at the LSE Group, told the UK media outlet that it has asked Julia Hoggett, head of the London Stock Exchange, to lead the project.
Roos said that the company has been exploring the potential of blockchain but made it clear that the exchange group was not building anything that would support crypto assets. “The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent... and to have it regulated,” Roos continued, adding that the initiative aims to improve the trading process for traditional assets.The LSE is far from the only traditional financial markets operator exploring potential use cases for blockchain technology.
is one way traditional finance and crypto could work together. The organization added that this could result in the growth of crypto itself"as new money gets channeled into such tokenized assets." © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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