ASX Ltd had a choice. The operator of Australia's main stock exchange could develop a new version of Chess, its faithful but ageing clearing and settlements system introduced in 1994, or it could build for the future.
The company chose the latter, confirming this week that it will develop a blockchain-style distributed-ledger platform with Digital Asset Holdings LLC (DAH), the software firm led by former JPMorgan Chase & Co banker Blythe Masters.
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