The digital business will potentially focus on private markets initially to tackle cumbersome and opaque operations.
The London Stock Exchange is reportedly planning to develop a digital markets enterprise. The move aligns with its broader strategy to become the first major exchange offering comprehensive trading of traditional financial assets on blockchain technology.
LSE has roped in Julia Hoggett, the head of one of the units within the broader London Stock Exchange group. to lead the venture.to the Financial Times, Roos emphasized that LSE had no intentions of developing anything related to crypto. Instead, the aim is to leverage the technology that serves as the foundation for Bitcoin and other assets to enhance the efficiency of traditional asset transactions, including buying, selling, and custody.
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