The Australian Securities Alternate (ASX) has introduced its extremely anticipated AU$250 million (US$187 million) blockchain undertaking has been delayed for launch till late 2023 on the earliest.
See associated article:Australian Securities Alternate to launch crypto-related ETF
Quick details
- CHESS, or Clearing Home Digital Subregister System, was initially slated for a blockchain improve by April 2021 to exchange a transactions settlement construction adopted practically 30 years in the past.
- That is the fourth delay for the CHESS improve after the ASX mentioned in February the undertaking was on tempo for an April launch.
- The ASX mentioned the newest delays have been on behalf of Digital Asset, the New York-based software program growth agency who have been constructing the undertaking.
- ASX was placed on discover by Australian regulators in November 2020 after traders have been prevented from shopping for shares for practically an entire day after a software program malfunction quickly shut companies down.
See associated article:How blockchain is reworking the investing and securities trade
