Australian exchange could shorten settlement with blockchain
ASX will seek comment on quicker settlement of cash stocks – possibly the same day
The Australian Securities Exchange (ASX) could shrink settlement times for cash equities through the use of blockchain, and will be seeking feedback from its clients on the idea.
Currently, cash stock trades are settled over two business days, or in industry parlance, T+2 (transaction date plus two). Using the distributed ledger technology (DLT) of blockchain, the ASX confirmed that period could be condensed; others speculated it could be as little as four hours.
The Australian exchange has
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