SSX & BitTrade to develop a public Blockchain System
By SSXSydney Stock Exchange (“SSX”) and Bit Trade Labs have announced the establishment of a joint venture to develop a blockchain based equities market settlement and registration system, initially for SSX’s equities and private markets platforms, but also available for other market and market operators.
The JV is targeting implementing a blockchain solution, subject to regulatory and market participant’s approval and engagement, within months for its private markets network and early in 2018 for the SSX equities market.
The announcement was made at a “Practical Blockchains” forum run by SSX, Bit Trade Labs and ADCCA (the Australian Digital Currency Commerce Association) which was opened by an address from the Hon. Wyatt Roy, MP, Assistant Minister for Innovation this week.
In his opening address, the Hon. Wyatt Roy said, “This is a great initiative.