Key Points:
The announcement was made by Murray Roos, the Head of Capital Markets at the LSEG, who emphasized that this decision follows a year-long research effort.
Crucially, Roos clarified that this initiative would not involve cryptocurrency assets. Instead, the LSEG aims to harness the efficiency and transparency benefits of blockchain to enhance the trading and ownership experience for traditional assets.
If successful, the LSEG will pioneer an end-to-end blockchain ecosystem for investors, a milestone in the world of securities exchanges.
The exchange is even considering establishing a separate legal entity for this digital market endeavor, with plans to launch the first market within the next year, contingent on regulatory approval.
Roos clarified that this digital market venture would not compete with LSEG’s traditional business but rather enhance its commitment to innovation and continue to uphold London’s reputation as a financial hub.
The LSEG is currently engaged in discussions with regulatory authorities in multiple jurisdictions, including the UK government and Treasury.
In a previous move in April, the LSEG announced its collaboration with Global Futures and Options to offer trading and clearing services for Bitcoin index futures and options derivatives, demonstrating its ongoing interest in digital assets and blockchain technology.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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