The London Stock Exchange Group (LSEG) has revealed plans to launch a new blockchain-powered digital markets business that will use the technology underpinning cryptocurrency to enhance the trading of traditional financial assets.

“LSEG is exploring plans to build an end-to-end digital market ecosystem that will allow for the raising and transfer of capital in a more seamless, cost-efficient way across asset classes,” an LSEG spokesperson told Decrypt.

Murray Roos, head of capital markets at LSE Group, told the Financial Times that after nearly a year of examining the feasibility of blockchain-powered trading, the company has reached an “inflection point” and is preparing to advance its plans.

The group is considering whether to launch a unique legal entity for its digital markets business, and hopes to make the venture a reality within the upcoming year—pending approval from regulators.

LSEG is currently in talks with regulatory bodies in multiple jurisdictions, along with the UK government and Treasury.

Roos stressed that LSEG is “definitely not building anything around cryptoassets,” but is instead focusing on using blockchain to enhance the security and accessibility of asset trading. “The idea is to use digital technology to make a process that

Go to Source to See Full Article
Author: Mattis Meichler

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details