The Australian Securities Exchange (ASX) is unlikely to directly list a cryptocurrency on its exchange but could consider an “appropriately-backed” tokenized real-world asset such as gold.
Speaking to Cointelegraph, Dan Chesterman, the ASX’s CIO and group executive of technology and data said while there are hurdles for it to directly list a cryptocurrency the company could consider listing tokenized real-world assets.
“There’s been, in the past, challenges associated with getting to the stage we could directly list a cryptocurrency mainly because it doesn’t meet a lot of the listing rules,” Chesterman said.
“Could I imagine us potentially, in the end, having a tokenized product listed on us? Absolutely.”
The ASX is the 16th largest stock exchange in the world by market capitalization, according to a March 28 Yahoo Finance report. As of the first quarter of 2023, the ASX accounted for nearly 82% of the total dollar turnover in local equity market products, per data from the Australian Securities and Investment Commission.
Chesterman’s approach to blockchain aligns with earlier comments made by major banking executives who suggested the narrative around blockchain has become one around being an “eff
Go to Source to See Full Article
Author: Felix Ng
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
