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ASX’s Blockchain-powered Project Goes Down


The Australian Securities Exchange (ASX), which had been operating for six years, has ended its CHESS settlement and clearing system. This was to allow a large part of its workflow to be transferred to a shared, distributed ledger that resembles the blockchain. ASX announced in 2017 that it had chosen digital asset holdings, a blockchain company, to create the system that would replace the CHESS settlement and clearing system.



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