Odaily Planet Daily News The London Stock Exchange has developed a new digital market business plan and will become the first major exchange to provide extensive trading of traditional financial assets on blockchain technology. The exchange's head of capital markets, Murray Roos, said it had been researching the potential of a blockchain-powered trading venue for about a year and had now reached an "inflection point" in deciding to move forward with the plan. Roos emphasized that the exchange is “absolutely not building anything around crypto assets,” but instead hopes to use the technology that underpins popular tokens like Bitcoin to make buying, selling and holding traditional assets more efficient. Roos said that if the plan is successful, the London Stock Exchange will become the first major stock exchange to offer an "end-to-end" blockchain-powered ecosystem to investors.
In addition, LSE is considering using a separate legal entity for the digital market business, hoping to have the first market up and running within the next year, subject to regulatory approval. LSE is already in talks with regulators in multiple jurisdictions, as well as the U.K. government and Treasury, with the eventual goal of creating a global platform. (Financial Times)