The new DLT Solutions team has been created to look at other ways the ASX can use the technology in the equities and non-equities space.
The interface will help BNP Paribas's custody clients to manage their migration to DLT without having to adapt their global operating platform.
The ASX has opened a new Customer Development Environment (CDE) for users to test and interact with the new clearing and settlement system.
Despite being lauded for its potential to revolutionise the financial ecosystem, concerns remain over the energy use of blockchain after widespread reports of its impact on the environment.
Think about what blockchain technology can do internally for your organisation, says Digital Asset CEO
Blythe Masters believes internal benefits of blockchain technology might be being overlooked.
The decision comes after industry feedback raised concerns on the ASX’s timeline to implement the technology.
Custodians stand to benefit from using the technology for new revenue-generating products around data services.