In an announcement today by Australia’s biggest stock exchange, the ASX has confirmed that it is developing a private blockchain with US-based firm Digital Asset as a post-trade solution for the Australian equity market.
The announcement also revealed that the ASX paid AUD $14.9 million for a 5% equity interest in Digital Asset Holdings (DAH), a fee that will also fund an initial phase of development of the private distributed ledger solution. Furthermore, the deal also includes the ASX for a warrant that will allow the Australian exchange to purchase further equity from DAH and appoint a director to the board of the blockchain startup.
- Australia’s state-owned postal service is now considering several blockchain applications.According to a report by ZDNet, the company is looking at accreditation and e-voting as part of internal blockchain R&D efforts. The Australia Post first divulged details about its blockchain work in March, when CEO Ahmed Fahour discussed uses involving digital identity.
- An Australian group has been selected by the International Organization of Standardization (ISO) to spearhead a technical committee developing standards for blockchain tech.