Crypto News – According to the Financial Times, the London Stock Exchange (LSE) is thinking of utilizing a distinct corporation for its blockchain-based market operations.
LSE Capital Markets Group Head Murray Ross Signals Start of Work for Blockchain-Powered Market
The project will be led by Julia Hoggett, CEO of the London Stock Exchange, according to Murray Roos, head of capital markets at the LSE Group. Although it was made clear that the exchange group was not developing anything that would enable crypto assets, Roos stated that the organization has been investigating the blockchain’s potential. According to Ross, the company has reached a turning point and has decided to move through with its plans after nearly a year of exploring the possibility of bringing traditional markets onto blockchain rails.
Ross Makes a Statement About the Project and Cryptocurrencies
Ross made sure to underline that the project only makes use of blockchain technology that powers digital assets to improve the efficiency of buying, selling, and holding traditional assets. So, he emphasized that it doesn’t involve cryptocurrency.
The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent… and to have it regulated,
Ross
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