London Stock Exchange Group (LSEG) plans to create innovative blockchain platform
The UK stock exchange will seek to implement the use of blockchain technology for trading
As reported by the Financial Times, the London Stock Exchange Group (LSEG), the leading European stock exchange based in the United Kingdom, has announced its plans to launch a trading platform based on Blockchain technology.
The implementation of Blockchain is presented as a crucial need to increase efficiency in the management and trade of traditional financial assets. The company has been researching this innovative initiative for a year and has appointed Julia Hoggett to lead it.
Additionally, conversations have begun with various regulatory bodies and jurisdictions with the aim of guaranteeing sustainable growth and regulatory compliance for this pioneering platform.
This move marks a significant shift in the financial industry by prominently integrating technology. The London Stock Exchange Group (LSEG) is positioned as a forerunner in the adoption of Blockchain technology in the field of traditional asset trading.
According to the publication, LSEG is immersed in the development of a revolutionary platform that will simplify the exchange of conventional financial assets.
Murray Roos, CEO of LSEG, has expressed that the organization intends to transform the exchange of traditional assets into a “more seamless, simpler, cheaper and transparent” process through the adoption of Blockchain technology.
K. Tovar
Source: Criptotendencia
(Reference image source: Jason Briscoe, Unsplash)
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