The London Stock Exchange Group (LSE Group) plans to create a blockchain-powered trading platform. LSE Group continues its research to address the question marks about the adaptability and expandability of blockchain to traditional finance.
According to the report in the Financial Times, the company has been examining blockchain for a year and exploring the potential advantages of the technology.
As it is known, the trading of cryptocurrencies and the functionality of exchanges are also carried out on the blockchain. It is seen as a possible outcome that this technology will work in harmony with traditional finance.
LSE Group’s Head of Capital Markets, Murray Roos, touched on the company’s blockchain research. Ross stated that they will not turn to anything related to cryptocurrencies. Exploring only the technology, the company aims to create a cheaper and more transparent traditional asset trading.
Finally, SWIFT stated that it can solve the problem of interoperability between various blockchain networks.
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